UK Stable Jobs for the Youth Essay - 1518 Words

More, Better, and Stable Jobs for the Youth The Problem The recent upsurges in United States of America (Occupy Wall Street) and in other countries highlight outbreaks of anger among educated and unemployed people. Anxiety over dwindling job prospects and student debts led many post graduate students turn to violent protests in Chile, London, and Quebec. In an environment of fewer jobs, competition can divide communities and unsettle the social fabric of the country. More importantly, it gives an opportunity to illicit organizations to leverage the anger of the youth and to turn them against the society. Among Economic Co-operation and Development (OECD) countries, more than one in eight of all 15 to 24 year-olds are not in employment,†¦show more content†¦In Americas and Europe, shortage of engineers and skilled workers has affected the manufacturing industry and is likely to become more severe by 2015 . This mismatch between the demand for jobs and the supply of skilled manpower presents a huge opportunity. Existing Interventions Several countries have recognized this gap and have developed policies and/or interventions to address it. Some of these include: United Kingdom (UK) – In lieu of severe shortage of engineers and technicians, the UK government approved 15 ‘University Technical Colleges’ (UTC) to offer high quality, technical education that can lead to apprenticeships and employment. Additionally, the government also announced scholarships to attract teachers. Recognizing the importance of working closely with the private sector to identify skill gaps, the government partnered with organizations such as British Telecom, Facebook, IBM, and Microsoft. India – By 2025, 300 million people will enter the workforce, and India will have 25% of the world’s workforce . To leverage this ‘demographic dividend’, the Indian government set up the National Skills Development Council to skill 500 million Indians by 2022. As part of the goal, the government is reforming primary, secondary and higher education, and making significant enhancement in supplementary skills development. Germany – Germany will face a shortage of 5.4 million workers with vocational and tertiaryShow MoreRelatedMinimum Wage Is The Price Floor For Jobs Essay1239 Words   |  5 Pages Minimum wage is the price floor for jobs. Many people are either for it or against it, however not denying the fact that it is very important to employees. Because, minimum wage creates a pathway for workers to sell their labour though getting paid less, businesses willingly hire them and workers gain experiences. Yes, in many ways it can benefit both the employers and the employees but there is always a down side to it. 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