Young people have not had it this bad since the 1989-1992 economic slump. There are nearly one million unemployed young people in the UK. Of the 2,142,000 unemployed people in London, a huge 284,000 are aged 18-24 according to the Annual Population Survey.
Sir David Bell, non-executive director of The Economist, said: “The rise in youth unemployment shames us all, and could potentially damage the UK economy. But there are concrete things we can do to stop this awful waste of young talent and young lives; and we must do them.”
The recent credit crunch is cited as the main cause behind these problems and has burdened the youth with troubling consequences.
…young people are often seen as easy to let go.
Usually the least experienced of a national workforce and commanding the cheapest redundancy requirements, young people are often seen as easy to let go.
It is this attitude which will dampen the potential skill-level of our future workforce – long after our current, older and more experienced work force has retired.
…various schemes are currently in place to deal with the problem.
It is with such long-term concerns in mind, alongside the associated short-term problems of youth unemployment, that various schemes are currently in place to deal with the problem.
The leadership development organisation Common Purpose has recently installed a programme to offer some of the unemployed young people of London and across the UK the same opportunity to develop their leadership skills as those who have a job.
The Prince’s Trust runs ‘Get Into’ courses, which are linked to the construction and property industries. The ‘Get Into Construction’ programme comprises 2-4 week courses that enable young people to gain qualifications in construction.
The coalition government also has a scheme in place in order to try and deal with the problems in youth unemployment caused by the credit crunch under the Labour government. The prime minister and his deputy announced a £60m package earlier this year to create apprenticeships and work placements in private firms earlier this year.
…an unresponsive government…
It must also be noted that the consequences of an unemployed youth can be far-reaching. The unemployed young people of Spain hit the streets earlier this year to protest against their unemployment and what they saw as an unresponsive government.
The Arab Spring and the revolutionary uprisings across the Middle East have also been fuelled by the frustration of unemployed youth.
Global youth unemployment has hit a record high and is expected to rise further, according to a report from the International Labour Organisation. This is a global problem as well as a British one.
A global problem requires a global solution. Yet a global solution has not been implemented.
The root cause of this lies in the world being unable to reach collective agreements on solutions to a number of issues-youth unemployment being among them.