In some countries, two out of every three youths are unemployed. In other countries, however, youth going without work is phenomenon that is rarely experienced. Looking at current trends, we find that most first world countries have found ways of dealing with youth unemployment, causing such rates within them to be markedly low. For numbers of jobless youth to stay down, there are certain factors within the countries that have been set to ensure that the youth get employed. Some of the most influential have been detailed below.
5. Educational Systems and Standards
Most of the countries with low unemployment rates have very extensive, accessible, and effective educational infrastructures. For this reason, their youth are more knowledgeable as a result of what they have studied, and ready to then apply that information within the job market. Countries like Qatar, Thailand, and Cuba are well known as having comprehensive and advanced education that foster youth development, and often cause people from other countries to seek education within these countries’ borders.
4. Young Retirement Age
Most of the countries that have low youth unemployment rates, such as Burkina Faso and Madagascar, have low average ages at the time of retirement as well. At 50 years old, people in such countries are expected to enter retirement, unlike countries such as Germany where many similarly aged people are still working, and thus decreasing open opportunities for youth looking for employment. Alternatively, countries with lower typical retirement ages can provide more assurance that most of the youth fresh from school will be readily employed, and thus lower youth employment rates are seen.
3. Creation of Job Opportunities
Countries with the lowest rates of unemployment have systems to create more job opportunities across the board, which extends to the youngest members of the work force as well. In countries like Qatar and Cambodia, the private sector is very involved in providing new job opportunities to the youth. This helps in reducing the numbers of unemployed youth in these countries. Alternatively, some countries, like Norway, where the public sector is the main employer, often have extensive age and credential requirements that leave much of the youth labor force without jobs.
2. Diversification of Employment Fosters Youth Access
High paying ‘white collar’ jobs, however appealing they may be, are not the only source of employment, and are particularly inaccessible to youth. Such jobs are a particular area of focus for many developed countries with high unemployment rates, and disproportionately affect youth unemployment even more than the work force at large. Countries like Cuba and Thailand have diverse job opportunities across the pay-grade spectrum, many with lower requisite qualification, open to their youth. In fact, many of these less formal jobs actually pay very well, with incomes respectably competitive on global terms akin to those earned by workers of all ages. This strongly encourages the youth to be employed and begin earning a living earlier in life in these countries.
1. Youth Unemployment In Context
Youth unemployment is an issue that most countries really struggle with, and the reasons why it is a problem in many places is no secret to those willing to research the topic. Countries that have the lowest youth unemployment have demonstrated their ability to make the most of what they have at the moment, and this has helped tremendously in ensuring that their youth are working. Nonetheless, there still remains the question as to whether or not these countries are better equipped to provide their youth with quality job prospects, or whether cultural values and other influences on job posting and hiring practices are more significant yet still.