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Surname1 Name of the Student Name of Professor Name of the Unit Student’s Number Submission Date Youth Unemployment Youth unemployment is a situation where young people age 16-24 are actively looking for a job but cannot find it. According to united nations statistics, 1.2 billion youths in the world are unemployed constituting 17% world population and 87% of these youths live in developing countries (Moffitt79). These youths have skills and are willing to work but cannot lay a hand on job opportunities in the society. In United States of America, 13% of youths were unemployed by 2007, 18% by 2008 and as July 2017 the unemployment rate had increased to 19.2% among youths. These are youths who are neither in school nor at work. This menace has created ‘a lost generation’, political unrest, increased public spending, lack of innovation, incarceration and mortality rate has gone higher. The question is, how can we solve unemployment among youths in our society? Despite high percentage of unemployment, there are considerable number of youths who graduate yearly hoping to join job market, what is there fate? Therefore, if measures are not put in place earlier enough to mitigate this menace, the problem will escalate and blow off in our faces. Youth unemployment indeed has grave impacts on socio-economic development of our country, United States of America (Verbruggen729-
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Surname2 749). It has created a lost generation, a generation which is unproductive and impacting negatively on young people and their families. Their earning rates are low, dependency rate high creating financial crisis for their families as they live with their parents hence increase in poverty levels. Unemployment pose a great threat on youths’ career development as unemployed are not able to build on their skills and experience. It also leads in decrease in happiness, job satisfaction and increase in mental health issues. Due to unproductiveness among unemployed youths, they become idle, therefore creating political unrest and other social issues. When they feel provoked by the government, they stage demonstrations characterized with violence. Some politicians also use them to gain political milestone. Economically, America losses resources as government tend to cushion unemployed youths via benefit payments, lost income tax and wasted capacity. According to London School of Economics, Britain government spends around 247 million pounds to cushion young unemployed through benefits and lost productivity. By 2011, economic loss due to unemployment in youths stood at 154 billion pounds in Europe (Yenilmez and K?l?ç128-141). Decrease in competitiveness for the affected countries, loss of talents and skills from unemployed university graduates who cannot find jobs and put their knowledge into innovation. Their divergent thinking, creativity and innovation is missed in the labor market. Unemployment also leads to idleness among youths, they therefore tend to engage in unpleasant behaviors such as drug abuse, their physical and mental health are always at risk leading to incarcerations and even deaths. Youths tend to look for solutions of their unemployment problems by sometimes emigrating to other countries to look for greener pasture. This has always lead to brain drain depriving off their native countries skills and even tax revenues.
Surname3 Solving unemployment among youths is key to maintaining a country’s economic performance and competitiveness (Vukovic, Djokovic, and Roncevic173-182). Therefore, a country should adopt more balanced employment policies for permanent and temporary workers in the labor market. This would give young inexperienced graduates opportunities to prove their skills and capabilities and even develop to regular employees. This would be an ideal solution compared to spending money through initiatives such as finance assistance to cushion youths. Youths should be sensitized and supported to become self-employed as this would even result in creation of opportunities to others. Government should establish technical and vocational education and training (TVET) that specifically train youths for jobs, this would solve skills crisis in the country. Youths trained through TVETs have proved to be marketable since they possess relevant skills needed in labor market. They would be able to access opportunities and increase in their income and ultimately social benefits. Vocation education and training also increases employers’ productiveness as graduated trainees offer relevant skills needed for production. Education system of a country also need to be readjusted from that of knowledge- centered to skills-centered (Adina105-116). Educators need to adopt center-skill-based curricula instead of content-based ones so as tom align graduates with the labor market demands. Policies should be established by education sector to train and equip youths with entrepreneurial skills. Government should also encourage entrepreneurship culture among youths, as youths establish small and medium enterprises the rate of unemployment would greatly reduce. In conclusion, unemployment among youth is a threat to our economy as unemployed youths are not able to put their skills and innovations in production and other income generating activities, instead government spends money to try to cushion them. Government should therefore come up
Surname4 measures to mitigate unemployment by encouraging entrepreneurship culture among youths, establish a balanced employment programs that creates opportunities to youth and finally adopt centered-skilled-based curricula that promotes skills needed in labor market.
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Surname5 Works Cited Adina. "Education System, Labour Market and Education System Graduates Employment in Romania."EUROPEAN RESEARCH STUDIES JOURNALXV.Issue 2(2012): 105- 116. Print. Moffitt, Richard. "Unemployment benefits and unemployment."IZA World of Labor(2014): pag. 79. Print. Verbruggen, Janna. "Effects of Unemployment, Conviction and Incarceration on Employment: A Longitudinal Study on the Employment Prospects of Disadvantaged Youths."British Journal of Criminology56.4(2015): 729-749. Print. Vukovic, Adrijana, Goran Djokovic, and Danilo Roncevic. "The necessity of solving the youth unemployment."Ekonomika61.1(2015): 173-182. Print. Yenilmez, Füsun, and Esin K?l?ç.Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization. Hershey: IGI Global,(2016): 128- 141. Print.