The Problem Of High Youth Unemployment

     Jobs won’t only support teens for the things they want, but it can help benefit for the things they need. The first things teens think of for their future are going to college and getting their first car. But, let’s say there’s a well educated thirteen-year-old, raised in a low-income family, who has plans on going to college.

Dunn suggests that young adults are experiencing failure to launch because of the financial difficulties of living alone during a recession (Dunn, 2012). According to Dunn, High school and college grads have a hard time trying to find a meaningful job due to the fact of fewer jobs to choose from and more competition to fill them and even a harder time transitioning from an entry-level job to a career (Dunn, 2012). About 13% of adult children between 18 and 29 move back in with their parents after an attempt to live alone, majority of them are females that state that the economy cause they to move back home (Dunn, 2012). Going to college has become very popular these day but the degrees don’t seem to have a positive effect as far as leading to a job as it once did and living on minimal wage is impossible (Dunn, 2012) Living back home also enables a young adults to reduce their expenses and focus on saving money. Rather than struggling to make ends meet, they can put money in their savings accounts or investments and begin growing a nest egg (Dunn, 2012). People who use their parents as a safety net with no greater financial goal in mind are doomed to never launch away from home; those who use it as a carefully-calculated stepping-stone to a more successful life are much more likely to launch successfully and stay independent ( Dunn, 2012).

The problem for this still exists, and as young adults are growing up, many drop out of college or do not attend college at all because they enter the workforce at an early age. With this, the American Dream for

All careers from construction workers, to teachers, to attorneys are all important in today’s society, and it is important to let the adolescence to choose the path they take in their life. Sending fewer young people to college will not solve the country’s national debt problem. Companies will still send their work across seas in order for them to pay less and make more, even if the United States has enough labor workers in the country. Sending young people to college, or even a trade school, is better because they are gaining knowledge that they would have never had without attending a higher institution of learning.

Can you imagine yourself as an adult who just graduated from college, and has to move back home and live with your parents? Imagine waking up everyday and knowing that you have two hundred thousand dollars in student loans that has to be paid? There are many reasons that cause these problems, but today, large amounts of student debt and an increase in unemployment are the major problems that college graduates are facing. With the lack of jobs and no money, people are turning to their parents for food and shelter. In Rosie Evan’s essay “Boomerang Kids: What are the Cause of Generation Y’s Growing Pains,” she explains the causes of the delayed adulthood, and she also gives the messages to people and the government to offer better support to this generation. The causes of Generation Y’ growing pains are the amount of college’s debt, lack of employment and people becoming too dependent on technology.

In this unimaginable generation, we face many challenges to survive, but one challenge that is prevalent is student college debt intertwined with the expensive economy. The idea that a better and furthered education will bring you more success is why millions even make college loans an option. It is believed, that the two elements of education and employment coincide with one another. The idea of being employed is a necessity in modern day. There is a focus on getting an education to determine your success. Although attending school is appreciable, it also comes with its issues that make college appear as a trap; incognito in a sense. Dragging everyone down slowly like a leaf in quicksand. Young adults struggle with college debt, and financial barriers; by avoiding the economy’s false luxuries can prevent the occurrence of running into economic barricades.

Estes opens his article by comparing the youth of America to the youth of Japan. A “new census data released Thursday casts a shadow over the long-term impact of the recession on America's youth.” The census data show America that the youth had no jobs and there was a lot of youth that had no job. “ During the last decade, the unemployment rate for young people spiked to the highest levels since World War II”, after World War II people did not

Nearly 80% of teens are currently working 20 plus hours a week just to try and make a minimal living. Most teenagers that go to college end college in $30,000 in student loan debt. No wonder the idea of going to college after high school is becoming an unpopular idea for teenagers who are faced with thousands of dollars of debt after college and their only 21, and trying to make a living while trying to go to college is nearly impossible. Let alone trying to start a life while a life of debt is looming in college student’s futures. Most young people end up not being able to start their life’s because it is simply too expensive. Many students after college end up putting off living on their own, starting a family and end up

Youth unemployment has been a constant problem in Australia for decades. In Treasurer Scott Morrison and the Coalition’s 2016-17 budget, a new plan focusing on helping young people join the workforce aims to drastically lower the youth unemployment rate over the next few years: the ‘Youth Jobs PaTH Program’. The $752 million dollar program aims to help up to 120,000 vulnerable young people over the next four years (Budget 2016-17, Queensland Government). However, there is a concern how effective the scheme will be, due to its emphasis on purely internships. Many argue that the Coalition’s youth unemployment scheme ‘Working Futures’ is a better option to lower youth unemployment, for its alternative structure and focus. To decide which one is best for Australia, both the Coalition and Labor Party’s scheme will be judged by analysing their social impacts upon the Australian youth.

Nearly 3.7 million American babies born in 1982 were the first members of the new Generation Y, or more affectionately known as millenials (Thompson, par. 1). Many things play into whether a generation is considered to be faring ‘better’ than another one; job opportunities, the state of the environment, whether the U.S. is at peace or at war, income vs. living expenses, the general happiness of the people, and the list goes on. Millenials are part of a special generation because

Not only do the states’ low revenues cause affordability problems, but high unemployment rates contribute as well. As of December 2009, the nation’s unemployment rate was at ten percent (Boskin 22-27). The unemployment rate for people ages twenty to twenty-four is fifteen percent (Dickler). These numbers are still significantly high. This makes finding jobs extremely difficult for college students. Since the nation’s overall unemployment rate is high, students find themselves competing with everyone for jobs. This becomes very difficult for them. Without jobs,

In the article “The Go-Nowhere Generation,” the Buchholzes argue that the present generation of youths has taken a turn for the worse, losing the sense of spirit that were once synonymous with people of their age and settling for meager jobs in their hometowns instead. The target audience of “The Go-Nowhere Generation” is educated older adults and parents, who are most likely to share the authors’ views. The authors implement a series of comparisons, which include statistics and descriptions, between the past and present generation of young adults to illustrate their position. However, though the authors make several valid points that are supported by solid evidence, the article falls short of being truly convincing due to its narrow views

Since the 2008 financial crisis and the recession that followed in 2009 there has been a high unemployment rate among the youth. Canada’s unemployment rate is sitting at an all high time of 11.8%. (TD Economics) The unemployment rate specifically for youth aged 15 to 24 years old has climbed approximately 24.4%. (TD Economics) The impact of youth unemployment is long lasting and can harm an individual’s career opportunities. Economists have conducted a research which determines that the period of unemployment in an individual’s life will negatively impact them in the future because they will earn lower wages. For example, if you are a college or university graduate in Canada who is in a recession the unemployment rate will rise by about 5%, that implies a loss in earnings of about 9% annually. (TD Economics) If the social

According to recent research, Millennials (75.5 million) have edged out the Baby Boomers (74.9 million), who are retiring, as the fastest growing group in the United States, with Generation X lagging behind (66 million) (Fry, 2016). By the year 2020, Millennials will account for half of the workforce and their impact on the economic is contingent upon how the economy is doing at that time (Shin, 2015). The Education Testing Service found although Millennials are receiving more education than any other generational group, they may lose their competitive edge against international peers (Twaronite, 2015).

Money is an important component that can help ones to function properly in this society. However, money defines our self-worth and value in this society. For decades, unemployment has become a big issue in our community. The younger generation are the one who suffers the most from the crisis. In 2009 alone, 6.7 million youths joined the ranks of the unemployed, and compare this with an average annual increase of 191,000 in the 10 years before the crisis 1997 to 2007(Elder,2010). Youth unemployment is a crucial issue in our society. Unfortunately, a lot of young people are going through that situation. When it comes to find a job, young people are the less fortunate for many reasons. For instance, some employers might be biased on ages and believes that young people do not have skills or enough experiences to perform at the level required for the jobs. The problem of youth unemployment has many causes and consequences in our society. Youth unemployment can affect the economy, family relationship, increase crime rates and, mental health.