Alfonso RRL
Alfonso RRL
Alfonso RRL
internationally. Whileyouth establish a slim 25 percent of the global workforce, they account for
countries, where theyare almost four times more likely to be unemployed compared to their adult
counterparts. Whenthey are employed, they join the ranks of the working poor- youth constitute
25 percent of thepeople making less than $1 US per day. If the youth unemployment trend
continues, an estimated95 million youth will be unemployed by the year 2015 (International
USAID (2007) taught that many of those who do work either hold jobs in the informal
economy and/or are working as child laborers in risky, dangerous conditions. In the casual
economy, youth are fulfilling roles demanded of them by their families or the marketplace, but
they are earning only minimal income, their contributions are controlled because of limited
education and access to chances, and they are generally not enhancing their employability
From an economists point of view, human capital is a way of defining peoples skills
and abilities to contribute to the workforce and economic development. Global economies are
increasingly requiring a workforce with high levels of human capital. Yet countries with large
out-of-school youth populations suffer from acute human capital deficits inhibiting economic
World Bank researcher Juan Luis Londonoclaims that the only most important factor
contributing to rising poverty in Latin America has been the slow development of human capital
growth among its youth.The percentage of the youth labor force that have reached age 25 with
little or no educationout-of-school youthcontinues to grow at excessive rates. As a result,
skilled jobs are unfilled and economic expansion is stunted causing two young people per minute
Social
would feel left out and alienated from mainstream society, form clubs and gangs and engage in
anti-social behavior. They are easy recruits for fundamentalist and other groups that offer a sense
In line with USAID (2005), the negative outcomes of unengaged youth are many and
familiar: crime, poor health, increasedsusceptibility to HIV/AIDS and violence. Preparing youth
Livelihood is defined as the occupation, work, or other means by which one earnsan
income to provide necessities, growth and abundance for the individual and thefamily.
Livelihood preparation provides basic education including vocational training,life skills and
technical training. Once youth improve their basic skills, they areprepared to find better ways of
improving their quality of life by getting a job, starting abusiness, engaging in economic activity
in the informal sector, increasing the amount offood by growing vegetables or raising animals,
improving their housing, and being betterable to take care of their family responsibilities
Environmental
particular. Their successhas been documented in programsthat help children and youth learn
toregulate their behavior, develop cleargoals, form positive relationships withpeers, and have
that supportthe whole child, have the power to promotestudents educational success.
According to USAID (2007),in the year 2003 the global youth unemployment rate was
3.5 times the global adult unemployment rates. Young people face discrimination based upon
age, gender, and socio-economic background. In general, males are in higher paying jobs than
females, youth from lower income households are more likely to be unemployed than those from
middle and upper income families, and dominant ethnic groups fare better in most countries.
References
United States Agency International Division (2007).Economic and Social Rationale to Invest