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  • A 2015 report by a youth employment coalition revealed that one in three people between

  • the ages of 15 and 29, are currently unemployed, and not in school. In total that amounts to

  • about 600 million youths worldwide, and that number is only expected to grow. With a severe

  • recession, limited opportunity, and fewer jobs; we wanted to know, how bad is this unemployment

  • crisis, and why can’t young people find work?

  • While unemployment is a global issue that affects people of all ages, the situation

  • is considerably worse for young people. Over the next decade, young people will have more

  • difficulty finding a job, than any other age group, or any previous generation of youths.

  • The International Labor Organization reports that youth unemployment is around 13%, nearly

  • three times that of their older counterparts. According to the report, it will take the

  • creation of 5 million new jobs every month, just to keep youth unemployment rates where

  • they are today. In the next ten years, less than half of one billion young jobseekers

  • are expected to actually find work. Clearly, this situation is terrible, not only for young

  • people, but the world economy as a whole. So, how did it get this bad?

  • Well, the most glaring reason was the 2008 global recession. Although unemployment rates

  • have begun to stabilize for adults, young employees, who are more likely to hold temporary,

  • part-time, and non-specialized jobs, have found it difficult to keep up. Additionally,

  • the recession forced many older workers to postpone their retirement, and many overqualified

  • adults to take on jobs which are usually given to college or high school graduates. This

  • severe strain on the job market has left most young people with fewer options. Even jobs

  • which don’t require much skill have become overwhelmingly competitive.

  • Some have attributed the shrinking youth workforce to higher rates of education. However, in

  • some countries, like the United States, this has led to an oversaturation of degrees, and

  • made it even harder to find work. In other countries, a lack of education is exactly

  • what prevents most teens and young adults from entering the job market. The ILO reported

  • that nearly a third of people in low-income countries have no applicable education whatsoever,

  • while upper-middle income countries only see about 2% of their population uneducated.

  • Youth unemployment around the world has huge consequences for the global economy. Young

  • employees subsidize social services through taxation, but often don’t use them until

  • they are older. The lack of a young workforce means that there will be fewer experienced

  • employees in the future, which can lead to economic stagnation. Youth unemployment also

  • removes valuable consumers from the market, and slows the economy through inactivity.

  • Some countries have already seen this cycle destroy their way of life, like in Greece,

  • which faced 58% youth unemployment in 2013.

  • Although many solutions have been proposed, ranging from post-capitalist automation, to

  • reinvestment of wealth, there is no question that having a young, unemployed generation

  • is bad for everybody.

  • Some might argue that the extent of the global job crisis shows capitalism has lost its value.

  • Are we nearing the end of capitalism? Find out in our video. Thanks for tuning in, folks!

  • Make sure to like and subscribe down below to TestTube News.

A 2015 report by a youth employment coalition revealed that one in three people between


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為什麼年輕人找不到工作? (Why Can't Young People Find Jobs?)

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    richardwang 發佈於 2021 年 01 月 14 日