Essay On Youth Unemployment

770 Words4 Pages

Youth unemployment has been an ongiong issue in our society. In past traditional knowledge, it seemed obvious that graduating from a well renowned school meant getting a good job. However, with the population increasing in rapid rates, and uncontrollable technological advancements, people are being ruled out of their jobs. To companies, a machine can ‘do things faster and better’ than the average human being and at this rate, The extension of this problem is the realistic consequences of unemployment and its negative effects on the economy at a global scale. ‘Experts predict [machinery] will take over 30% of our jobs by 2025’ which is ten years 2 from now on. Without resolving the issue at hand, the society will become poorer and the companies are subject to become richer, formulating unbalanced distribution of income of the global economy in the long run.

Definition of Key Terms

Unemployment: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy .
Youth Unemployment: The number of unemployed people aged 14-28.
NEET: A NEET is a young person who is
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This is combined with extremely low levels of youth labour force participation, particularly among young women and young workers with low skills. Another group severely affected by the on-going employment crisis in this region are young graduates who face very high levels of long-term unemployment after graduation. Although some Arab economies have been growing, this growth has either failed to create enough jobs to accommodate new labour market entrants, or created low quality jobs that are unappealing to educated. Arab youth and often filled by migrant workers. For example in Lebannon this has been a huge crisis because the Syrian refugees took the Lebaneese people’s jobs because they worked for lower

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