Unemployment Is Ravaging Young Generations

In this article, the author illustrates how the younger generations are much more likely to be jobless than few years ago. The number of young people currently unemployed are 30% higher than in 2007. The two main reasons for this are the slowdown in the west has reduced labor demand greatly and the fact that countries with idle labor markets are also more likely to have high population growth. The article also explains how hard it is to reignite growth in reality to reduce this high level of unemployment amongst younger population. And last but not least is the concern about how even graduated students are finding themselves sitting idle at home rather than getting a decent job after graduation. Some countries are trying to fix this issue by encouraging technical education, while numerous firms revamp their training and recruiting policies.

In my opinion, at the current state, going for technical education seems to be the way to go. Graduating from liberal arts univeristies seems not to be a guarantee for a stable future anymore, but it is still better than cut off from school because of the very stagnant labor market. Unless we have the economy shows good signs of growth, this trend will likely to continue for quite a while.

http://www.economist.com/news/leaders/21576663-number-young-people-out-work-globally-nearly-big-population-united