On Sunday, April 29th, the International Labor Organization (ILO) has published the World of Work Report 2012. The results are everything but promising. In 2012, more than 202 million people are expected to be unemployed with numbers rising on a daily basis. This is still a result of the 2008 crisis with governmental austerity being at the heart of the resulting unemployment rates. Women and youth are disproportionately affected by unemployment. In particular, youth unemployment rates have reached exorbitant nuhmbers. Young people are three times more likely to be unemployed and over 75 million youth worldwide are looking for work.
These rising numbers of unemployment, in particular for the younger generations, will result in long-term “scarring” of the social structures and in particular these upcoming generations (millenials and internet generations), if governments do not react quickly to find countermeasures.
Entrepreneurship as a viable career opportunity must be further emphasized. We must help the younger generation help themselves get out of this without having to sit aside waiting for others to pull them out of the quicksand. However, time is running and it might not be long until it is too late for such measures.
The entrepreneurial bootcamps, workshops and mentoring programs created by The Entrepreneurs' Ship are tailored to the needs of youth in emerging markets and developing countries with the aim to create innovation, jobs and social stability.
Read the full ILO Report here
These rising numbers of unemployment, in particular for the younger generations, will result in long-term “scarring” of the social structures and in particular these upcoming generations (millenials and internet generations), if governments do not react quickly to find countermeasures.
Entrepreneurship as a viable career opportunity must be further emphasized. We must help the younger generation help themselves get out of this without having to sit aside waiting for others to pull them out of the quicksand. However, time is running and it might not be long until it is too late for such measures.
The entrepreneurial bootcamps, workshops and mentoring programs created by The Entrepreneurs' Ship are tailored to the needs of youth in emerging markets and developing countries with the aim to create innovation, jobs and social stability.
Read the full ILO Report here
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