UK: Stable Jobs for the Youth

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Recommended: Confronting youth unemployment

More, Better, and Stable Jobs for the Youth
The Problem
The recent upsurges in United States of America (Occupy Wall Street) and in other countries highlight outbreaks of anger among educated and unemployed people. Anxiety over dwindling job prospects and student debts led many post graduate students turn to violent protests in Chile, London, and Quebec. In an environment of fewer jobs, competition can divide communities and unsettle the social fabric of the country. More importantly, it gives an opportunity to illicit organizations to leverage the anger of the youth and to turn them against the society.

Among Economic Co-operation and Development (OECD) countries, more than one in eight of all 15 to 24 year-olds are not in employment, education, or training . The global youth unemployment rates remains at a high 12.7%. As per International Labour Organization’s (ILO) estimates, 74.8 million young people are unemployed. These lasting levels of unemployment risk social and political instability, while under-utilizing a massive talent pool. Such unemployment early on in a career damages long-term prospects, as professional and social skills erode. On a personal level, these people take longer to get married and begin families.

A job leads to improved self-esteem and a sense of community at the individual level and social cohesion at the community level. The world must rise and create productive jobs in order to maintain social cohesion. Without immediate policy changes and interventions, there is little hope for improvement in employment prospects for the youth.

The Opportunity
While millions of youth are not able to find jobs, companies on the other hand are struggling to find employable staff. This paradox defies logic for pol...

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...FINAL.pdf: accessed online on January 8th, 2014
• Teamlease and IIJT, Indian Labout Report, 2009, ‘The geographic mismatch and a ranking of Indian states by their labour ecosystem’: accessed online on January 12th, 2014
• World of Work report, 2013, ‘Repairing the economic and social fabric’, International Labour Organization, June, 2013: http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_214476.pdf: accessed online on January 17th, 2014
• EY and FICCI, ‘Reaping India’s promised demographic dividend’: http://www.globalskillsummit.com/report-1.pdf: accessed online on January 10th, 2014
• Junsok Yang, ‘Small and Medium Enterprises (SME) Adjustments to Information Technology (IT) in Trade Facilitation: The South Korean Experience’, April, 2009: http://www.unescap.org/tid/artnet/pub/wp6109.pdf: accessed online on January 10th, 2014

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