Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,690 members, 7,820,406 topics. Date: Tuesday, 07 May 2024 at 02:20 PM

Youth Unemployment: A Global Phenomenon - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / Youth Unemployment: A Global Phenomenon (772 Views)

Double Rainbow Phenomenon In Akure Ondo State / Sex Workers Stormed Ogun Openly; Youth Unemployment, Failing Moral Or Boldness? / When Animals Fall From The Sky With Rain (phenomenon) (2) (3) (4)

(1) (Reply)

Youth Unemployment: A Global Phenomenon by marveangel(m): 9:06am On Jan 26, 2015
I saw this report in online and thought I should share it with you all here.....apparently the 'problem' of youth unemployment is not only a Nigerian thing, its a global issue one that has got some of the richest men from around the world concerned...Take your time to read the lengthy post..you might find something to help you from it..
****************************************
At the ongoing World Economic Forum in Davos,
youth unemployment took center stage. Here is a
brief report of a panel discussion in Davos.

Global business and public sector leaders were in
Davos Swizerland engaged in debate about the
growing youth unemployment which many have said
is growing in an uncomfortable proportion.

The panel
of discussion was made up of Nik Gowing, Omar K.
Alghanim, Dominic Barton, Aliko Dangote, Fatima
Muneer. Taking the lead in the discussion Mr.
Dominic Barton, Global Managing Director, McKinsey
& Company, United Kingdom said “There is a sense
that youth unemployment is more of a cocktail
conversation right now but we need to start seeing this as a pandemic.”

According to him around the world, youth
unemployment is growing in uncomfortable
proportions. In India, which has one of the largest
populations of young people in the world, 75 million
youth are unemployed and more than 1 million
people are added to the workforce each day.

In Saudi
Arabia, some 70 per cent of the population is under
the age of 30 and they are not finding jobs.

In Nigeria, youth unemployment is as high as 50%.
From Abuja to Seattle, the number of jobless youth is a global phenomenon.

The issue might not be
dominating global headlines, but Aliko Dangote,
President and Chief Executive Officer, Dangote
Group, Nigeria, signalled that “our entire society is in
danger of destruction” unless we pay attention to this
huge segment of our young and jobless global
population.

According to Panelist at the Forum “This trend is
occurring at a time when technology is moving ever
faster and transforming the labour market. As
robotics, automation and 3D printing play a larger
role in the economy; future jobs for young people
will invariably take a hit. Looking back to the 1990s,
the big three US motor vehicle companies – Chrysler,
Ford and General Motors – collectively hired 1.2
million employees. Today, the big three companies
in Silicon Valley –Google, Facebook and Apple –
together employ a total 134,000 people.

Traditional ideas about “work”’ are also being turned
upside down. It is perhaps more fitting to consider
employment as participating in the economy.

Companies such as Uber, Airbnb or budding
entrepreneurs in India learning skills from YouTube
and monetizing this knowledge at the local market
are examples of a new way to understand the
participatory economic model.

The McKinsey new problems call for fresh approaches
and at the core of the youth unemployment problem
is a glaring skills gap. Surveys by McKinsey show that
75 per cent of university professors believe they are
adequately preparing their students for the
workforce. Conversely, only 40 per cent of
employers take the same view.


SOURCE: www.vanguardngr.com/2015/01/youth-unemployment-nigeria-50-mckinsey-co/
Re: Youth Unemployment: A Global Phenomenon by Redoil: 9:10am On Jan 26, 2015
But APC minions are claiming that these phenomena are exclusivly to on gej
Re: Youth Unemployment: A Global Phenomenon by marveangel(m): 9:59am On Jan 26, 2015
Redoil:
But APC minions are claiming that these phenomena are exclusivly to on gej
Well @ least any1 who goes through this will know its not only a Nigerian thing...its global and the sooner we as a nation and as a people start thinking rather than blaming the better for us all.

(1) (Reply)

Read Details And See Photos From The Violence At Oshodi This Evening / Breaking News !!! / Daily Quotes To Start Your Day

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.