The Answer to Global Unemployment Crisis Education
Education -In the past ten years, business leaders, government leader, as well as people in non-profit organisations have been sounding a warning about the rising youth unemployment crisis. Their claim is supported by facts from the International Labor Organization or ILO that states that currently there is 71 million unemployed youth across the globe. A lot of them are facing long-term unemployment. This amounts to a vast 13% which is an unprecedented rise.
Almost all countries are facing the same challenge, but low-income countries have been affected much more. Even where there is employment, the pay is meagre. In 2016, according to ILO, 38% of the employed youth were living in extreme poverty, earning less than $3.10 daily.
The reason behind this is the lack of education or poor quality of education in children of developing countries. This is the crux of the crisis. International businesses and other private institutions need to take the initiative to handle this crisis. Otherwise, they would find it difficult to recruit skilled people.
Unfortunately, donations for primary education in developing countries have gone down. However, we do how to get the students to school:
Education of Girls: History has proved that providing education to girls has social, economic, and health gains. It will mainly reduce youth unemployment. However, even though there has been some progress, about two-thirds of illiterate people are still women.
Education During Times of Conflict: In countries that have ongoing conflict, learning takes a significant hit. Both children and adolescents are most likely to be out of school in these areas. They need educational support, and that should be ensured so that they do not remain illiterate.
Importance of Early Education: For the foundation of learning to be a strong one, cognitive development and learning should ideally happen during the first five years of a child’s life. Developing countries are beginning to grasp this and focusing on primary education, especially for minorities and underdeveloped communities.
Increase in Funding: This is the greatest challenge that is facing global education – there is a lack of investment. The business community is aware of this as well. Most of the bulk of investment education needs to come from the government of developing countries, but donations from the private sector will also have a significant impact on bringing up the numbers.
The biggest challenge is that developing countries are also grappling with other issues and problems that also need significant funding. However, if education is ignored, the employment crisis will continue to escalate, and ultimately both the public and private sectors will suffer due to the lack of employable people. The economy will be impacted in a big way, and the importance of education cannot be ignored.
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