A tally by the International Labor Organization shows that the world will have to add 80 million jobs over 2012 and 2013 just to get back to where employment was in 2007

The reckoning is that the developed nations need to generate 27.2 million jobs in the next two years to return to normal. But the likelihood is that only 2.5 million will materialize, or a woefully shocking 25 million fewer jobs than necessary. The developing nations will have something in the neighborhood of 53 million slots to fill in the next couple of years, but the projection is for the addition of only 38 million jobs, or 15 million shy of that mark. The upshot is that in the coming 24 months the total shortfall in global job creation will approach a formidable 40 million slots. This is ideal tinder for social and political instability in any number of places around the world. It certainly promises to occupy front and center in the coming election in the United States and jobs are a political imperative as well in China, the Middle East and across Europe.