23 Feb 2011

Sample Essay: The Unemployment Rate Among Young People

Nowadays, the number of young people that are unemployed has exploded significantly. Analysts believed that this scenario will bring negative impact to millions of young people upon losing their lifetime earning potential. Thus, this event holds the chance of many young people to take their transition of being productive citizens. There are reports that “the unemployment rate of 18 to 35 rose significantly” (CBC, 2011). Apparently, until now most cities have no clear economic recovery plan particularly in the creation and improvement of entry level jobs. This paper aims to explore on the factors that caused high unemployment among young people.

Causes of High Unemployment among Young People

Based on statistics, unemployment rate among young people has been steadily rising and analysts forecasted that this event will remain at its peak for the succeeding years. Thus, the ration of unemployment rate further increased during the recent recession and until now there is still no sign of slowing. It is prevalent among young people to receive temporary work contracts and most often they are the first to eject every time companies wish to reduce their people. Furthermore, many young people are often forced to work in sectors like construction and other related works wherein they are asked to spend larger amounts of time, with much physical tasks, and lower earnings. In the analysis, “one of the major contributory factors is the recession causing young people to have slimmer chance to find long term and stable jobs” (Kerr, 2011). Another distinct factor for this event is the insufficient support coming from the government to give emphasis on unemployment among young people, and assist them in finding work. There are also findings that significant numbers of young people are at risk due to poor educations and low skills. It seems that the government is lacking effective support to young people such as in giving apprenticeship programs. Furthermore, it shows that local economies are more centered on finding cheaper labor so majority of them tend to import people. Several analysts believed that rapid globalization created uncertainty and insecurity among countries with vulnerable situations considering that globalization will only open the way for much cheaper labor force and more experienced workers. Overall, many young people have to face stiff competition in finding stable jobs since most work opportunities are also being offered to wider applicants. Their chances of entering into a more stable work are lessened and as a result many young people failed to gain a firm foothold in the labor market. Most of the young people ended up in dead end jobs with limited protection, low paid jobs, and poor quality jobs. There are reports that many young people don’t have enough knowledge and skills which are necessary for social development and economic growth. It shows that many countries are lacking enough attention on education and training systems which are crucial in fostering the development among young people to succeed in labor market. In this context, schools and educational institutions have important roles in creating values that will prepare young people to adapt rapid changes in labor market and have competitive advantage. In the statistics, many young people are being affected by the rapid changes in labor market along with the obsolescence of their skills.

Conclusion

Overall, unemployment rate for many young people continue to rise considering that most educational institutions neglect to give further attention on values concerning lifelong learning (Kerr, 2011), business competitiveness, and continuing employability of workers. It shows that the government has crucial roles in assisting the young people to find stable work and giving them essential programs to further improve their competitiveness in the labor market.

Reference

CBC. Youth Unemployment. Retrieved February 3, 2011, from:

http://www.cbc.ca/canada/british-columbia/story/2009/07/10/bc-unemployment-youth.html

Kerr, Kevin. Youth Unemployment in Canada. Retrieved February 3, 2011, from:

http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/CIR/824-e.htm

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