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Compare The Two Current Policies To Reduce Youth Unemployment

Decent Essays

The proposed policy by the government is the Youth Jobs PaTH (Prepare Trial-Hire) Programme. PaTH aims to help individuals to become skilful and prepared when joining the labour force.1 The two current policies to reduce youth unemployment are: The Job Commitment Bonus, which is a policy that rewards youths up to $4000 for 2 years of work. The aim of this policy is to increase the supply of workers by receiving benefits when keeping a job. 2 These individuals are thrown into the workforce with no skills or knowledge. Compared to the PaTH program, which helps youths become more skillful and prepared for the future. The other current policy is the Work for the Dole scheme. This policy creates unemployed youths to ‘work for the dole’ in order …show more content…

The other being Australia doesn’t have enough skilled workers. By not having enough skilled workers, this creates a shortage as shown below (QL0 to QL2). This shortage is created because demand for skilled workers is greater than supply.5 3. Explain the impact of the Youth Jobs PaTH program on the market for labour. (4 marks) (Word limit 200) - How well did the student explain the impact of the proposed changes? Did the student include appropriate references to support their explanation? Were diagram/s clear and appropriate? Did students refer to economic model/s to support their case? Student Score: Poor (0) Excellent (4) The proposed change by the government, aims to help 120,000 adults aged 25 and under. These young job seekers will participate in intensive pre- skills training. This means that the supply of skilled workers will increase because there will be a greater amount of workers that are now skilled (S shifting to S’). 6 A negative impact of increasing supply over time is the possibility that surplus (QL0 to QL2) may occur. By having a surplus of skilled workers this can create the problem the government was trying to stop,

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