Updated 5 months, 1 week ago

Latin America studies but doesn’t have jobs

The urban unemployment rate among Latin American and Caribbean youth reached 13.3% (2014), a ratio that is three times that of adults and is more than the double of the overall average unemployment rate in the region, from 6.1% .

On the other hand, 6 out of 10 young people who, if they get an occupation, are forced to accept jobs in the informal economy, which generally means poor working conditions, lack of protection and rights, low wages and low productivity.

On the other hand, it is estimated that some 20 million young people in the region do not study or work, due in large part to frustration and discouragement due to lack of opportunities in the labor market.

Globally, there are an estimated 75 million unemployed youth aged 15-24 in 2012, an increase of about 4 million since 2007.

Problems related to youth employment require the adoption of specific policies aimed at improving their opportunities in the labor market.

There are a range of options and good practices, such as:
Make youth employment generation a priority on the agenda of social dialogue among the key players in the economy.
Support the entrepreneurial spirit of young people to implement their own initiatives through micro credit systems as "business incubators.
Provide efficiency and coverage to employment services, digitized sites, offices where young people are given real-time information on immediate possibilities of engagement.
Discuss the education needed to better coordinate with the labor market, stimulate innovation, re-qualify the labor force and facilitate the certification of competencies.
Increase internship systems to consolidate vocational training for young people in companies and the public sector and facilitate the transition from education to work.
Give young people access to a system of educational credits, conditional cash transfers and salary grants so that they can continue their training and retraining.
Facilitate young women to stay in the labor market, through day care for their children and all-day shifts in schools

Unemployment and underemployment prevent us from tapping into the potential of the better educated and educated generation we have had.

But why is this happening? In the late years Latin Americans have been reaching higher levels of education, which has been considered the solution for the region. But when we see these numbers we find it is not working that much.

In first place, we have to take into account, Latin American countries are in general terms, non-industrial countries. So professional careers that involve industrial management might not be the right answer for Latin America, and the same happens with other professional careers that are not going to be applicable and greatly enjoyed because of the social and economic context the regions lives in. As a consequence, jobs are not going to found for young people.

In fact, technical careers are growing stronger each day due to the mentioned Latin American context. At the end is what we call over qualified people.

All the measures mentioned in this article are most likely going to make a change, but until Latin America is not fully aware of its own reality, development will still be miles away.