Unemployment generation is not keeping pace with the number of educated people coming out of institutions. Explain.
Please tell.
Answers
Answer:
Due to rapid Digitalization in industries and other work places less number of emoloyees are needed. Moreover the number of educated persons are increasing which has caused unemployment among educated people.
Explanation:
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Jai Hind
Youth unemployment is the situation of young people who are looking for a job, but cannot find a job, with the age range being that defined by the United Nations as 15–24 years old. An unemployed person is defined as someone who does not have a job but is actively seeking work. In order to qualify as unemployed for official and statistical measurement, the individual must be without employment, willing and able to work, of the officially designated "working age" (often from the teens to the mid-60s) and actively searching for a position. Youth unemployment rates tend to be higher than the adult rates in every country in the world.
There are 1.2 billion youth in the world aged between 15 and 24, accounting for 17% of the world's population.87% of them live in developing countries. The age range defined by the United Nations addresses the period when mandatory schooling ends until the age of 24. This definition remains controversial as it not only impacts unemployment statistics but also plays an important role in the targeted solutions designed by policy makers in the world.
Two main debates are ongoing today. First, defining the age range of youth is not as obvious as it seems. Two theoretical perspectives have dominated this debate.