Tackling Youth Unemployment
Among the world's unemployed, young people have been particularly hard hit. Youth unemployment rates are significantly higher than adult unemployment rates in both developed and developing countries. Global protest movements of young people are a manifestation of their lack of job prospects.
On the one hand, higher youth unemployment can simply result from frequent job changes and short intermediate unemployment spells. It may be natural for young people to switch jobs more frequently before a good match with an employer is achieved.
On the other hand, high youth unemployment can result from deeply rooted problems, such as a lack of relevant education and training, rigid labor markets and discrimination. Unemployment spells at a young age may also have persistent negative consequences for subsequent careers.
Since young people may have different abilities and different goals to adults, should there be distinct youth unemployment policies and should labor market regulation pay specific attention to young people? As technological innovations and globalization continue to affect the workplace, how can unemployed youth be supported in their efforts to adjust to organizational change? What skills do young people need and how can they be taught and acquired?