Youth Unemployment now a Global Problem
Are you a recent graduate?
Nakahanap ka na ba ng trabaho mo? Are you happily reporting to work everyday? Or naghahanap ka pa rin? If hindi ka makahanap ng work mo, it means na affected ka rin ng isang problem around the world: that of youth unemployment.
The International Labour Organisation reports that:
The global unemployment rate, estimated at 12.6 per cent in 2013, is close to its crisis peak. 73 million young people are estimated to be unemployed in 2013. At the same time, informal employment among young people remains pervasive and transitions to decent work are slow and difficult.
Compared to the data in 2007, the 2013 number of unemployed youth is higher by 3.5 Million! Grabe! Ang taas ng number na iyan! Here’s more, global youth unemployment rate is expected to increase by 12.8% by 2018.
Another important piece of data is that: 1 in every 6 young person is considered as NEET (Not in Employment, Education, or Training), in short tambay. So kung may trabaho ka ngayon, be thankful for it. Granted, things are not perfect. You have a boss-from-hell, the job is demanding, the pay is meager, and the conditions are harsh. Of course, we don’t condone inhumane working conditions. But that’s another issue.
Ito pa, mararamdaman natin ang epekto ng youth unemployment na to for the years to come. These days, the impact of unemployment is felt even more keenly in developed economies. Na-witness natin in the past 3-6 years yung mga unemployment problems ng United States. Even in advanced economies at mayayamang bansa kagaya ng United Kingdom, Greece, and other members of the European Union, young people are out of jobs. Or kung may trabaho man sila, a lot of them are overqualified… meaning, kahit ang taas ng level ng pinag-aralan nila, dahil walang makuhang trabaho, the just take any job that comes.
Hindi lang iyan, ito yung mga highlights ng report. If you want to read ILO’s Global Employment Trends for Youth 2013: A generation at risk, please visit this link.
1. It is not easy to be young in the labor market today.
2. Skills mismatch is adding to the youth employment risk.
3. In developing regions, 90% of the global youth population lives, stable, quality employment is especially lacking.
4. In advanced economies, long-term unemployment has arrived as an unexpected tax on the current generation of youth.
5. Creative and wide-ranging policy solutions are needed.
Although these five statements appear simple, they’re not. Each of these main findings are backed up by tons of data, tables, and other related findings. Actually, medyo nakaka-nosebleed yung data. Pero, if we try to understand it and look at the implications of these data for the Philippines, you can begin worrying about the future of employment in the country.
In fairness, the ILO report found that “Encouraging trends of youth unemployment are observed in, for example, Azerbaijan, Indonesia, and the Philippines.”
That’s something nice for our country. But we still have a lot of challenges to surmount. Kung, kaka-graduate mo lang at naghahanap ka ng trabaho, don’t give up. Keep looking. Or if you really can’t find one, create one!
In the next two weeks, I’ll continue writing about this issue, lalo na yung related sa atin dito sa Pilipinas.
Image credit: flickr.com/mobilestreetlife/ via Creative Commons