Tuesday, 29 January 2013

The Re-emergence of Europe: Tackling Europe's Youth Unemployment

via Huff Post World Economic Forum (not one of my usual sources) by Klaus Schwab (founder and executive chairman of the World Economic Forum)

The European debt and banking crises have had a devastating impact on youth unemployment across the region. Millions of young people today face the prospect of becoming a lost generation living through a lost decade, and many worry that they have no future. Their trajectory, in contrast to that of their parents and grandparents, is defined not by hope, but fear.

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But as an inducement to you to link through:
  • This is known as the "scarring effect" in economic jargon.
  • So what can be done?
    Here are a few suggestions from a World Economic Forum and ManpowerGroup report.
    • Higher participation in career guidance programmes for school children.
    • Better career and labour market information for young job seekers.
    • A more positive image for vocational education.
    • Better training.

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