Youth unemployment is, characterized by the United Nations as 15-24 years of age. An unemployed individual is characterized by being someone who does not have a job but who is effectively looking for a job. In the United Kingdom, the unemployment rate remains at 6.9% now and the figures 19.1% are between 16-24 years. Only one in five young people can not find work. Youth employment has become a long-distance problem. Unemployment among young people is usually related to different problems, such as the high crime rate among adolescents and the crowds. Young people have become unemployed in view of the different social difficulties faced by adolescents.
Why youth are unemployed?
To expand production and sales, employers often look for more experienced workers. This limits the adolescent to a small part of the jobs. Because of their freshness and lack of knowledge, employers would not prefer to invest money and energy to prepare them. However, in different situations where companies recognize freshness, the salary tends to be low, which does not prevent them from working. Payment rates for inexperienced youth range from $ 5- $ 10 per hour. Alarmingly, in part-time work, the most employable age is between 15 and 19 years old and it is 28% of men who work part-time. Employers consider that they are less productive and less important, so their compensation is legally less. In some circumstances, you will find that companies employ a large number of young people, so they can reduce the total amount of wages they owe and earn more.
Education is not sufficiently adapted to the needs of the labor market, which in swings generates two results: the impotence of young people to discover occupations and the inability of employers to use the skills they require. Consolidated with the economic crisis and the absence of adequate job creation in many nations, it has caused high rates of unemployment around the world and the advance of the skills crisis.
Academic training remains the most restricted approach, the same number of fault researchers are confident that it does not provide the basic experience in the use of skills that many employers seek during hiring. This means that a large part of young people remain unemployed despite having an adequate instructive capacity to reach competent positions (Clark 2011). While some detectives accuse the work segment, others specifically accused the instructional educational program used in the attempt of academic training. Non-formal job training also provides people with basic skills that can improve the capacity of young people to use. For many governments, a key question is how they can close this gap and ensure that young people are equipped with the skills employers are looking for.
Progress in transitional types of work, for example, entry-level jobs, seasonal jobs and short-term contracts have left young people in dubious circumstances. Since their occupations are impermanent contracts, young people are often the first to be dismissed when an organization is delayed. If they are dismissed, young people are generally not eligible for severance payments because they only worked with the company for a short period of time. Once this job is finished, many find themselves unemployed and disadvantaged in their job search.
Lack of access to capital:
Young people who want to do their own work starting businesses often have difficulty finding access to affordable loans, or loans in general. This is partly due to the lack of guarantees. The high interest rates also make it difficult for young people to pay their loans on time.