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Youth Unemployment

Youth Unemployment

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The essay on the problem of youth unemployment.
The essay on the problem of youth unemployment.

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Published by: LEX-57 the lex engine on Sep 16, 2010
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12/15/2010

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THE FUTURE AHEAD
“Youth involvement has moved forward. It is no longer seen as a rebellious act, the wayit was a few decades ago.”
 
Maureen A.Sedonaen.
INTRODUCTION.
Think about any sort of revolution, youth comes into the picture as an icon to propagatethe fuel of revolution. It the youth on whose shoulders, the future of every nation rests. A businessman retiring from his job does not handle down his position to any elderly person; rather he gives this position to someone young and having capability to run the business efficiently. Who comprise that segment of young people? The obvious answer isthe youth.Every nation, which inches ahead with the hope of progress and development,relies upon the contribution of the youth. The share of youth in the development and progress of a nation is the foretaste of the viability of its development. The more theshare of youth in national development, the stronger are chances of its rapiddevelopment. The level of enthusiasm and dedication that the youth can provide to thesystem is unmatched.But despite various efforts by several nations as well as the United Nations, the problem of youth unemployment seems to have gone through the roofs. Tokeep the zeal, skills and hope pristine in the coming generations, there lies an oneroustask on the nations and the internationals bodies to fulfill the task of youthunemployment. Given the problem of youth unemployment and thinning up of the futurehopes of employment, the youth seems to adapt the ways that are open to destruction, i.e.,crime. Moreover, they have also moved to the informal employments, whichstand between the marginal line of employment and unemployment. It is not fair to saythat the government and the international bodies are only sitting and watching the entirescene. These bodies have come with some schemes to cope with the situation. But the problem still lies with the implementation of these schemes. But apart from thegovernment actions, the youth-led solutions for abating the problem of youth
 
unemployment have substantial part to play. The persistent problem of youthunemployment has to be addressed, and adoption of macroeconomic policies has to betaken recourse to in order to help stimulate economic growth and increase the demand for labour. The vulnerability of the youth unemployment has also to be taken intoconsideration.In sum, the global labour market has been adversely affected by the youthunemployment. It is not only the case with the developing nations, even the developedsystems in the world are also suffering with the same problem.
 
YOUTH UNEMPLOYMENT.
Youth Unemployment refers to the situation where a number of youths in a place (a state,a country etc.) are economically active and willing to work but have no job. YouthUnemployment hinders development in any country. Given that youths form a large partof the economically active population of a nation, youth unemployment greatly affectsthe labour force or manpower of any country. According to the ILO, there are more than1 billion young people between the ages of 15 and 24, and 85 per cent of them live indeveloping countries
1
.Many of these young people are in the process of making, or havealready made, the transition from school to work. A recent report of the ILO says that 160million people in the world today are unemployed and there are some others who aresubsisting on the margins of the economy or have jobs that do not provide them withadequate means to ensure their survival. Nearly 40 per cent of those without work are young people, and levels of unemployment tend to be two to three times higher for this group than for the adult population
2
. Even those young people who are employed, many find themselves in low- paying temporary jobs with few protections. With the world population projected to grow by 110 million during this decade and with technological advances leading to further “rationalizations” of labour demand, some 500 million new jobs have to be created withinthe next 10 years merely to maintain the status quo
3
.In the present situation of jobcreation, there lies little hope that growth on this scale can be achieved. What has madethe situation graver for young people is huge imbalance between the supply of youngworkers and the demand for their labour thanks to the demographic trends.The current picture shows that a chunk of young people are in the employment but that employment is uncertain and may not provide an income sufficient to cover basicnecessities. In industrialized countries, due to the demand for a flexible workforce andthe increased use of part-time and temporary employment contracts a heightened sense of insecurity and risk has emerged.
1
INTERNATIONAL LABOUR OFFICE:
Committee on Employment and Social Policy
2
ILO, Key Indicators of the Labour Market 2000-2001 (Geneva, 2001).
3
ILO,
Meeting the Youth Employment Challenge: A Guide for Employers
(Geneva, 2001).

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