June 29, 2013
We discuss the youth unemployment situation separate form that of education in many cases. The impact is more than unemployment it is education, job readiness and globalization. Most of the U.S. consist of small towns despite the persistent marketing from New York, Houston, Seattle, San Francisco, Los Angeles, Dallas and other large metropolitan cites. Many youth are localized and perhaps not attune to the global competitive nature of education and the jobs market.
Local thinking can create tunnel vision. Further, the economy has dramatically changed in coordination with technology perpetuating a reality of instant gratification and attention.
The reflection of the changing construct has presented a new economic and social dynamic that is hard to maneuver. Many youth will graduate seeking jobs not within their major. This can be an indictment of the liberal arts education system or the jobs market or the synthesis of both. Further, the not competition for nations in all year schools versus summer reductionism is a competitive gap. Further, add the digital divide and the need for increased education. The normalized situation for youth is staggering and at best complex.
The data from Center for American Progress cites, “16.2 percent, the unemployment rate among Americans ages 16 to 24 is more than twice the unemployment rate for people of all ages. The U.S. Bureau of Labor Statistics’ Current Population Survey find that there are 10.6 million Americans under the age of 25 who are not fully employed—more people than live in the most-populated city in the country. Specifically, this brief will explore the two groups of people who make up America’s young unemployed demographic:
- 2.5 million teens ages 16 to 19 who are either out of work or underemployed
- 8.2 million young adults ages 20 to 24 who are either out of work or underemployed”
These numbers are profound and unrelenting in the face of new technology, big data, energy, manufacturing, finance, healthcare and innovation shifts and need for cities, companies and social development. In consideration that the data states the reading level in the U.S. is at a fifth grade level.
The cycle of joblessness and under employability will have a long-term effect on the economy, taxation, GDP and business sustainability and start-ups. The cycle is perpetual and without a stop gap the decline will persist. The changing market to high intelligence sectors from that of progressive blue collar jobs has cut the middle of out of the U.S. The ability to capture jobs that were labor intense with high wages is in decline and moving toward extinction. Further, the work of EEOC and laws to produce more employable workers has cut the summer time work offerings- this is not bad but, a reality. The decline and closing of facilities, as well as the need to hire for least cost, cut the learning curve for ready to work is domino effect on youth.
Youth were hired to learn, earn and prepare for future job readiness. The unemployment structure of youth is reducing job readiness, training, and learning to earn. Consider the national impact in the short-term and long-term – unsustainable without change.
- Zhemgang candidates field questions on youth and unemployment (thebhutanese.bt)
- Youth unemployment in the Middle East and North Africa (devex.com)
- Unemployment: EU Confronts Youth Unemployment Crisis (ionglobaltrends.com)
- Report: Future U.S. Economic Growth In Jeopardy Due To Youth Unemployment Crisis (progressillinois.com)
- Economic Outlook: European Youth Unemployment, Public-Private Partnerships and the “Magic” of Fiscal Stimulus (normativenarratives.com)
- NC Becomes 1st State To Drop Federal Jobless Funds (charlotte.cbslocal.com)