There are number causes of youth unemployment. The most significantly is poor macroeconomic performance. Youth are more affected because youth unemployment tends to be super-cyclical. It fluctuates stronger than adult unemployment (Ryan, et al., 2000).
The factors contributing to this higher repeated instability are several. Young workers usually have lower job protection. In addition, they are most likely to have gained less job-specific experience. Also, compensation pay tends to increase with tenure, making it less costly to fire a young worker (Pagy, 2007).
Youth also face higher barriers to entry into the labor market due to their lack of experience. Un ability to get credit and lack of access to business networks make it more difficult
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He explained that young people are finding it difficult to be employed largely due to the stagnating formal sector, with school graduates staying at home without gainful or productive employment. (David, et al., 1996), view most, African countries to be plagued with rapid population growth and stagnating economic.
2.8.1 The Challenges of Youth Unemployment in Ethiopia
The story of youth unemployment in Ethiopia is partly a story of education (Serneels, et al., 2007). He explains that the enormous expansion of opportunity in University education, and the low costs of attending university have led to a large population of poor youth with university degrees, diplomas, or vocational training. These individuals, long-term unemployment are not often an option. They have to find temporary or casual employment while searching for the jobs that they want.
According to (Mains, et al., 2012), In 1999 only about 4% of urban Ethiopia had any kind of higher education, this rose to 27% by 2011. In the past education was a guarantee of a good job, and is still viewed as the route to a middle-class life among the youth aged 20-24 years. Online of this, the rate of unemployment is, in fact, the highest among those with some kindof post-secondary education (Broussard, et al.,
When college attainment improves, the tax base increases, reliance on social welfare programs declines, and civic and political engagement increases” (White). Even though it may seem obvious, in most cases it truly is very important to have a degree to be able to become successful. Despite some arguing against this, it comes down to the basics. A degree from higher education automatically gives that person an advantage in life. Whether it helps with job applications, housing, or just relief from worrying about money, an education is not just beneficial but becoming almost a necessity.
Most young employees are either high school or college students and are trying to find a balance between school, work and their regular social life. One possible solution is that companies may offer a mentorship program for younger workers, that deal with balancing out their lives. Another recommendation is that employers can give more control to younger workers. Being that they are young, younger employees have very little control over their work and if management can find out a way to give them more control, this will be very beneficial. This can include allowing them to schedule their own hours or giving them more meaningful job duties.
Student loans pose as a suitable way out of this issue as it provides a pathway for those of lower- or middle-class to pursue further education; however, this puts the individual in serious financial debt. The author effectively suggests that since the individuals who choose to pursue higher education will ultimately use that knowledge to help their society then society should realize the value of education and fund any associated costs. Everyone should have fair financial access to post-secondary education so that it is not deemed a “luxury good”. All individuals ultimately have the same cognitive competencies therefore one individual should not be restricted to certain “lower class” profession solely due to financial
By today’s standards most of us may not even be middleclass any more. As Mr. Bienen, pointed out, attending college correlates to earning more in one’s lifetime. Thus, it is necessary for most students to graduate from college and obtain a good paying job so that they can once again live a middleclass lifestyle in this
They argue that while college is a valuable investment for many students, it is not the right choice for everyone. They point out that the cost of attending college has skyrocketed, and many students graduate with large amounts of debt, which may not be worth the investment for some students. Additionally, there are many good-paying jobs available that do not require a college degree, and students who pursue vocational training or apprenticeships may be able to earn just as much money as college graduates. The authors also argue that society has placed too much emphasis on college degrees and not enough on other forms of education, which can lead to a shortage of skilled workers in trades and other professions. Ultimately, they argue that the decision to attend college should be based on a student's individual goals and circumstances, and that other forms of education should be valued just as highly as college
Delbanco explains how students have changed their reasons for attending a college when he states, “...yet on the assumption that immersing themselves in learning for the sheer joy of it, with the aim of deepening their understanding of culture, nature, and, ultimately, themselves, is a vain indulgence” (222). Secondary education has become too expensive for learning to be an indulgence. Students only go to college to get a degree in order to gain a high paying career. Davidson explains how dire the situation with low paying job is by saying how the process should work, “Only through productivity growth can the average quality of human life improve” (339). Unfortunately, the productivity growth only leaves a bigger pay gap.
“Should Everyone Go to College?” article wrote two authors, Stephanie Owen and Isabel Sawhill. They gave many examples of why people should return to college and invest in education. Authors gave statistical data how college investment is better for everyone. They also gave more data on which occupation
Unemployment refers to the condition of someone of working age (16-64) who is willing and able to work, actively seeking employment, but unable to find a job. The rate of unemployment in Greece for the people of ages 15 to 24, who is considered as the younger group of workers, was 48.3%. Compared to the people of ages 25 to 34 was 32.1%. The data shows that young people are more affected than older people, however, Greece’s overall unemployment rate is still high for all the group of ages.
Intergenerational issues in the workplace can cause tension between the employees and employer. Millennials feel that it is harder to grow and develop their careers in organizations because of this problem due to an absence of guidance from other generations in higher positions. Where Millennials feel lack of guidance, Baby Boomers and Generation X feel that Millennials entering the workforce are directly after their positions, therefore causing a strain on workplace relationships between employees. If intergenerational problems in the workplace continue to remain unsolved, it can and will cause disruption within the organization. Productivity can decline due to low cooperation between multigenerational employees resulting in lower efficiency and completion objectives leading to disruption within the organization.
Unemployment happens when individuals are without work and effectively looking for work.[1] The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.[2] According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012 There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.
Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Adults are more likely to be unemployed because of physical and mental health challenges. Adults also tend to be unemployed because of cyclical, structural and frictional unemployment. Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money. Why are youth more likely to be unemployed than adults, and is unemployment among youth becoming a social problem?
Urbanization improves access to basic education for all. Expanding education systems in urban areas is easier and costs less than in rural areas. Thus Africa’s rapid urbanization is expected to increase enrolment, especially at primary level. Indeed, the nature of cities appears to provide incentives for investment in education by residents. Returns to education are generally higher in urban than rural areas—and so literacy rates and enrolment should be higher in urban than rural areas.
The education system produces skills that are not valued by employers, while raising the expectations of those who acquire them. Consequently, the unemployed do not take up existing job vacancies, and employers are unwilling to hire available candidates (Njonjo, 2010). The mismatch is more marked for school leavers and graduates who have just finished school, partly providing an explanation for the high unemployment rate among youth and new entrants into the job market. The suggested remedy is to reform the education system and increase focus on technical education and vocational training, matching them to the needs of the job market (Coenjaerts et al. 2009).
Introduction Unemployment is knows to bring many negative impact on subjective well-beings. High rates of unemployment not only caused negative effect on national economy but also greatly affect living standard of people, especially youths. Due to youth 's inexperience and lack of knowledge, many employers refuse to hire them as hiring youths only brings no benefits to employers. This is so as employers have to spend time, energy or even money to train youths before they can cope with their own job.
Unemployed youth may result to violence, promote gangsterism and crime which might lead to the youth being arrested. Youth unemployment increases the chances of alcohol and drug abuse to gain either financial status or to reduce boredom. Unemployed youth may be subjected to drop out from school, or unable to pursue higher education. A female youth that is unemployed and not in school is likely to get married at a young age or experience teenage