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From research, it can be shown that there are higher rates of unemployment and further developed arguments into consequences of unemployment among youth. The streets of the continent have been seen to be full of idling youths without any purpose or duties. There are extended studies that have been documented to demonstrate the outcome (Ferguson, Mcleod & Horwood, 2014). The lucky few who leave the university have had a chance to enter into the job market while others do not make it to any job ((Buonnano, Drago & Galbiati, 2014). The number of youths in prison is found themselves in the cells because of indulging in illegal practices, which are unlawful. Lack of an activity to perform on a daily basis has led the youth to go outside the norm to find solutions to their impending problems.
According to the Economist (2011), youth unemployment has risen in the past five years in most countries that belong in the Organization for economic cooperation and development- OECD. Figures taken from the organization reveal that 1 in 5 people under the age of 25 in the European Union labor force is unemployed. In America, approximately just over 18% of those below the age of 25 are unemployed with young blacks making up 15% of the statistic. Countries such as Switzerland, Mexico, and Netherlands have youth unemployment rates that are below 10% but the number is rising. This latest statistics presented by the OECD reveal that the number of jobless 15-24 year olds has hit an all-time high since the organization started stacking up data in 1976 (The Economist, 2011).
Just like all unemployment does, youth unemployment present direct costs to governments in the form of: lost income taxes, wasted capacity, and increased benefit payments. Wasted capacity means that frustration builds among the young and unemployed. According to a report by D.C Justice Policy Institute, ...Show more
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Research has shown that the number of youth leaving the institutions of higher learning is on the rise. The governments, on the other hand, are failing to deliver jobs for the…
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