Youth Unemployment Essay

886 Words2 Pages
bulb-icon

Recommended: Research on youth unemployment

Youth unemployment is a notable, prevalent complication in society that is typically attributed to personal misfortune, economic change and lost opportunities (ManpowerGroup, 2012). The drastic upsurge in youth unemployment rates, which presently stand at 12.7%, more than twice the aggregate unemployment rate, originally began when the Global Financial Crisis (GFC) transpired resulting in levels of Gross Domestic Product (GDP) receding along with national revenue, making it a grievous challenge for Australian youth to procure employment (Trading Economics, 2014). As of today, 260,000 young Australians aged 15-24 are unemployed, 100,000 more than prior to the GFC in August of 2008 (Henry, 2014).

There are various levels of inequality that exist to underpin and increase the levels of youth unemployment in 2014.For instance, the increasing variation in educational standards is constantly enlarging the levels of inequity due to selected schools in lower socio-economic areas not being as well resourced or effective as schools in affluent areas. This potentially leads students to a comparatively disadvantaged start to their career, and furthermore creates a lack of, or lower level of, formal qualifications, a paramount element in the obtaining of employment (Pettinger, 2012). Moreover, the lack of skills and experience of youth is contributing to a lack of youth employment and Australian youth are falling victims to the ‘last in, first out’ policy, which inevitably has led to the youth unemployment rate being far greater than the aggregate unemployment rate (Higgins, 2012).

To counteract the high levels of youth unemployment, the Australian government has established two predominate benefits that youth unemployed are eligible for, na...

... middle of paper ...

...fer of employment within 3 months (European Commission, 2014) increases the amount of youth in the workforce, subsequently increasing economic production levels, which leads to a meaningful increase in economic growth, a key constituent of GDP and GNP.

In closing, the general decreasing in youth welfare benefits justify that the age of entitlement, if there was once one, has already ended (Jericho, 2014). As seen in figure 4 (Whiteford, 2013), there is compelling evidence that strongly indicates the percentage of households with benefits as their main source of income is subsiding overtime, meaning the Australian youth is becoming relatively less dependent on welfare benefits. Strong economic growth has played a huge role in decreasing such reliance of welfare benefits, and with the proposed Youth Guarantee solution, youth unemployment will be further minimised.

Show More
Related

  • What Are The Pros And Cons Of Student Loan Debt?

    1271 Words  | 3 Pages

    A majority of people believe that graduating from college will result in a well-paying job. Unfortunately, a degree will not secure a job for many graduates. In the U.S., the jobless rate for college graduates in 2012 was 7.7 percent, and has further increased in the past five years(Robinson). With such a large pool of unemployed citizens for employers to choose from, recent graduates are facing fewer opportunities for work due to little or no previous work experience(Robinson). Although many graduates are faced with unemployment, the majority do receive the opportunity to work. Sadly, many must work jobs they do not enjoy for salaries that make it difficult to make ends meet(Debate). Students are faced with mortgage-sized debts upon graduation, making it difficult for them to start businesses, buy cars or houses, or make other investments that would better the

    Read More

  • Meritocracy In Canada

    823 Words  | 2 Pages

    It is currently increasing in incidence at an alarming rate. Unemployment among young people is increasing predominantly as a result of youth receiving inadequate preparation for the job market and a largely ignored discrimination against youth in the job market. In order to minimize levels of youth unemployment, the education system and current workforce practices need to be analyzed and modified. The education system should be modified so that its degrees and more in line with jobs that are actually available and offer more job experience opportunities. The workforce practices should be modified so that discrimination against youth is minimized as much as possible. This can be achieved through invoking a higher rate of jobs awarded through meritocracy and reducing the amount of informal hiring. It is only after the integration of many of these concepts that youth unemployment levels will decrease. This will be a step towards a world with less inequality and unemployment, a step towards a better

    Read More

  • Unemployed Veterans Essay

    1947 Words  | 4 Pages

    Veterans are viewed as the strongest people in the United States. They constantly deal with daily struggles such as disability and unemployment after their services. After serving in a branch of the United States military, many veterans have trouble finding work. While there are, at times, things that need to be overcome for veterans to be able to work, they are often skilled workers and deserve the opportunity to succeed in the civilian workplace.

    Read More

  • The Australian Labour Market

    776 Words  | 2 Pages

    Changes in unemployment in Australia is a key issue in this news article. In the last twelve months, unemployment in Australia has dropped from 5.6 per cent to 5.1 per cent which is described as ‘a puzzle’ in the news article. Looking closer, there are some possible explanations for this change in statistics. Previously, unemployment in Australia increased in the time of the recent global economic downturn, although didn’t suffer as poorly as other countries according to data from the Organisation for Economic Co-Operation and Development. However, while unemployment rose, so too did the number of people in other forms of underemployment such as part-time and casual work (OECD, 2010). According to Sappey et. al., the status of employment requires workers to only work one hour per week and so therefore many underemployed workers receive the same employed status in this data as full-time workers (Sappey et. al., 2010, p. 111). According to the OECD, under-employment increased significantly during the downturn, rather than unemployment. Unemployment has dropped in the last twelve months but that does not mean that those who have obtained work have gained full-time employment. In fact, according to the Australia labour market trends of the last twelve months, it is more than likely that those who have become an ‘employed’ statistic rather than ‘unemployed’ have not gained full-time work. This news article quotes figures fro...

    Read More

  • Homeless Youth Essay

    1382 Words  | 3 Pages

    Youth become homeless for a number of reasons including: family violence and neglect, rejection due to sexual orientation or gender identity, the overwhelmed child welfare system and extreme poverty. These youth almost always have experienced unimaginable abuse and trauma, in their homes, their communities, and on the street. It is the Runaway and Homeless Youth Act (RHYA)-funded services and programs that help to rectify the deep injustices that homeless youth experience on a daily basis.

    Read More

  • The Australian Welfare System: A Case Study

    1808 Words  | 4 Pages

    Firstly, people that choose to work will be supported by the Government with a child care subsidy funded by the restructuring of the Family Tax Benefit payments. Changing the eligibility requirements of current welfare recipients and denying new applicants access to carbon tax compensation funds. Closing current health schemes and nationalising future schemes such as the Child and Adult Public Dental Scheme and The National Disability Insurance Scheme. Further, they intend on reviewing and insisting on medical revaluations of Disability Support Pension recipient’s. Conversely, all of these measures mentioned above are the current Governments design to support the Australian welfare system. For example, “The Government is committed to maintaining a sustainable welfare system by ensuring that those who are able to work are supported and encouraged to do so” (Commonwealth of Australia 2016, Budget Overview, p.

    Read More

  • Raising Minimum Wage

    781 Words  | 2 Pages

    Sowell argues that, “… in the United States, unemployment rates for younger workers are often 20 percent or higher, even when there is no recession.” These jobs pay low wages for a reason. So that teenagers have a base to start their life as an employee. If this continues than teenagers will never have the opportunity to gain experience to eventually get hired at a higher level job. It will be nearly impossible for future generations to find a job. Unemployed will lose many opportunities to earn a higher rate of pay in the

    Read More

  • Evaluating the Adequacy and Sustainability of Newstart Program

    861 Words  | 2 Pages

    Brian, the 42-year-old, unemployed for 18 months receives $452.80 between him and his part-time employed wife Joan. Brian has been unemployed for 18 months, well past the way the government has intended to be a short-term welfare. The Newstart Allowance cost the government $7.5 Billion per year. Former Social Services Minister Kevin Andrews said that the relentless growth with the public’s intentions on raising the Newstart Allowance will be unsustainable (Harrison, n.d.). Although Australian welfare support payments, the recipients are means tested but around 27% of the population are receiving some form of Government support payments (Butterworth, 2015). This is such a large portion of Australians aren’t paying the tax in which the Government needs to continue paying these supporting payments. In 2015-2016, the Government will spend $154 Billion on welfare. This is around 35% of the total government expenditure (Welfare integrity measures, 2015). 35%, there is no way that this is sustainable as if more than one-third of the taxpayers’ dollars are going to those who don’t work, or don’t work enough to support themselves. Centrelink made 436,745 special payments in 2011-12, almost half of these payments (48%) are those receiving unemployment benefits (Peatling, 2012). The Newstart is intended to be a short-term assistance, but studies show that 65% had been on the support benefit for 12

    Read More

  • Wealth Inequality

    1078 Words  | 3 Pages

    ... the safety net of modern awards, the ten national employment standards introduced by the fair work act 2009, and annual adjustments to the National minimum wage provided minimum levels of income and working conditions to workers with low skills and low bargaining power in the labour market. Other components include government spending on public health, education, housing, transport and community services which provide a safety net for low income earners. Macroeconomic policies such as monetary and fiscal policies supports aggregate demand as the GFC and recession impacted adversely on the Australian economy. The main concerns were to support economic growth, household incomes and living standards in the short term, to minimise the increasing rate of unemployment in the medium term, and increase public investment in infrastructure to increase productive capacity.

    Read More

  • Unemployment In Canada Essay

    903 Words  | 2 Pages

    As Canadian's fertility rate fells, baby boomers retires, immigration and foreign workers becomes very important for the increase of labor demands in the Canadian's job market. The government is planning to reduce the application waiting time and therefore there will be more newcomers coming in the next fewer years. Canadian companies will then have many experienced and foreign trained applicants where they can help Canadian companies to increase their foreign trade and to build a better relationship with the other country. However, new comers have difficulties in finding employment because of their unrecognized foreign qualifications, non Canadian work experienced and the lack of support in the settlement programs where they get help to find employment.

    Read More

  • Persuasive Essay On Unemployment In America

    744 Words  | 2 Pages

    In August of 2009, the unemployment rate in the United States was the highest it had been since the Great depression approximately 80 years before that. During that month, 9.6% of Americans were unemployed. That may not seem like very many people but 9.6% of the population is 29,452,800 people. During that month, over 29 million people were unemployed. Now in November of 2015, that percentage has gone down to 5.1%; which means over 16 million people are still unemployed because of the recent rise in the United States population. In the past 15 years, unemployment has become a major issue in the United States and we are in dire need of a great solution. Thank God we have welfare! Welfare helps so many people who aren’t educated enough to get a job to feed their growing families. Welfare programs have been set in place by the government to ensure a certain standard of living for the entire country.

    Read More

  • Essay On Minimum Wage In Australia

    456 Words  | 1 Pages

    Australia swears to exist as a nation of democracy, yet disappoints its growing generation. A recent poll shows that 82% of Australians support the compensation for working outside the usual working week- which is a ridiculously high number. Australian youths that are taking part in the workforce, are also juggling the struggles of studying, maintaining a healthy social life, fitness etc. Therefore taking up more hours at work will heighten stress and cause further complications in their lifestyle.

    Read More

  • The Transition of Youth into Adulthood.

    763 Words  | 2 Pages

    Work placements are run on a voluntary basis and travel and childcare costs are covered. These policies, along with others, have been put in place by the Youth Contract which was drawn up by the House of Commons. In theory it will ensure youth have access to all available resources to help them gain employment or a place in education (Mizra-Davies, 2103). Works Cited http://www.skope.ox.ac.uk/sites/default/files/WP108.pdf used this on the 27/11/13 http://www.jrf.org.uk/publications/youth-diverging-paths-adulthood viewed 22/11/13 "Understanding Youth: Perspectives, Identities & Practices: Perspectives, Identities and Practices (Published in association with The Open University)"(Paperback)by Mary Jane Kehily page 3 sage publications, London

    Read More

  • Swot Analysis : Labor Market

    1706 Words  | 4 Pages

    Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).

    Read More

  • The Employability Paradigm

    1392 Words  | 3 Pages

    O’Sullivan’s (2006) argues that the Employability Paradigm which emerged in the 1970’s served to distinguish a group of students who were not achieving the standard needed to guarantee employment. Employability is the assessment of those with the lowest chance of success in an economically motivated nation. It posits that intervention is necessary to prevent those individuals who have failed within the system from being dependent on social welfare and subsequently from being socially excluded (O’Sullivan 2006). In the early 1970’s, Ireland’s entry into the European economy and the changing employment market combined to connect education attainment to employability. As a result, educational credentials became the accepted way of assessing ability and this served to focus attention on those leaving school early with little or no qualifications. O’Sullivan argues that while the policy of the state, on the surface, seemed to support equal opportunity with the provision of free access to secondary education, the reality for most working class students was far from equitable. There were limited interventions available for those who needed help to develop the skills needed to benefit from access to secondary education and these students became disenfranchised. The disc...

    Read More

More about Youth Unemployment Essay

Open Document