When has serious unemployment among educated young populations not led to revolution or war?

Question

For background: The Eurozone crisis has moved on to the next chapter and we hear a lot of bad news this time from Cyprus. While I empathize with the people of Cyprus, I have little doubt that also theirs is a quite solvable economic problem. And for Europe as a whole perhaps: if you try to exit from or decelerate what is arguably a giant Ponzi pyramid, you are going to feel some serious pressure from those who started it in the first place. What troubles me more is the high unemployment rate in esp. Spain, which is said to exceed 50% among young people including many from the middle class and/or with college educations. This is a scenario that has led to revolutions (and it has been argued that the middle classes who lead revolutions) in the past.

The question: Are there examples from history where such high lasting unemployment among the educated youth has not led to revolution or war, but to some other relieve or solution instead. I am for instance thinking of 19th-century emigration to North America or the fact that some of the main cultural epochs in human history (e.g. during the lifetime of Michelangelo, or the Chinese Hundred Schools of Thought period, or even for members of the past-WW I lost generation such as the young Hemingway writing in Paris) coincided with periods of major economic (then usually war-induced) trouble. What evidence do we have?

Update: I came across another quote here; it also seems relevant to this question:

I look at the most unstable force in China as college students. Ten years ago they had a total of six million people in universities, now there is six-and-a-half million graduating every year [...] They say there is going to be two hundred million college graduates in China over the next twenty years, larger than the entire workforce of the United States, and they are already having trouble getting jobs, and a college graduate average wage in China today is [...] 2,000 RNB, the same as a migrant worker.

Answer 1

Australia 1975-2014 (ongoing). Wendy Lowensteins' Weevils at Work is good on this. The protest movement of the 1970s and 1980s was effectively controlled by the early 1990s and massive youth non-waged employment¹ has been controlled through the Universities, TAFE and unemployment systems.

1: This seems to me to be the key indicator of actual unemployment, particularly given the way the ABS has been instructed to declare the unemployed statistic as excluding non-labour force participants, and excluding people with as little as a single hour a fourtnight of training or employment.

Answer 2

The examples from history we have are revolutions against autocratic regimes, monarchies. This is the reason why there should be concern about China. In China very little protest is allowed and the people have little control over who is in power. The Muslim Brotherhood was founded by college students when education was reformed in that nation, as well. It is now very influential in the region, which has seen some peaceful and some violent revolutions. I don't think there is an example of a violent revolution led by college students against a liberal democracy in Europe. There have been peaceful "revolutions" such as the Orange Revolution in Ukraine, although that is not the only example. Iceland might also be considered a peaceful "revolution." In other words, protest is often a useful outlet for unemployed youth in liberal democracies, rather than violent revolution, because they can effectively change their government through this means.

Answer 3

Looking at China, we can see several "revolutions" (or attempts at them) by students.
First of course and foremost the "Cultural Revolution" in which Mao's government used the student population brilliantly to execute their own plans, at the same time diverting the restlessness of that student body which could easily have ended up toppling them instead.
Then there's the attempted revolution/uprising that led to the PLA sending tanks against protestors in Beijing in the 1980s, which was also largely driven by educated, disgruntled, people.
Now of course the government just ships them off to the "free economic zones" where they're effectively exiled and can do no harm while they run companies that are for all purposes government owned, so once again makes good use of them while keeping them under control and away from places they can cause trouble.