The Problem Of Youth Unemployment - 1391 Words

The objective of this paper is to use the triangle model of social analysis to further analyze the issue of youth unemployment. After having a group discussion we have come to a conclusion that this model will allow us to get a deep understanding of the impact that social institutions have on our dominant ideologies and how they are framed through the influence of different institutions. Youth unemployment is an extremely important issue in today’s society and time because over the past decade, youth unemployment has been rapidly increasing and is starting to become a serious, economic and social problem for Canada and other industrialized countries. Since the 2008 financial crisis and the recession that followed in 2009 there has been a high unemployment rate among the youth. Canada’s unemployment rate is sitting at an all high time of 11.8%. (TD Economics) The unemployment rate specifically for youth aged 15 to 24 years old has climbed approximately 24.4%. (TD Economi cs) The impact of youth unemployment is long lasting and can harm an individual’s career opportunities. Economists have conducted a research which determines that the period of unemployment in an individual’s life will negatively impact them in the future because they will earn lower wages. For example, if you are a college or university graduate in Canada who is in a recession the unemployment rate will rise by about 5%, that implies a loss in earnings of about 9% annually. (TD Economics) If the socialShow MoreRelatedEssay on The Problem of Youth Unemployment1834 Words   |  8 Pageskey to how we define ourselves and to our sense of self-worth. In the UK the unemployment rate stands at 6.9% now and from the figures 19.1% are between ages 16-24. Almost one in five young people unable to find a job. Youth employment has become a long-term problem in the UK, with over a quarter of million young people have been looking for work for a year or more (Mirza-Davies 2014). A nd increase of youth unemployment slow down the speed of UK economic recovery, although the financial crisis ofRead MoreThe Problem Of High Youth Unemployment3121 Words   |  13 PagesIntroduction Securing and obtaining jobs has become extremely difficult for young Americans between the ages of 18-25. Youth unemployment rates have been in the double-digits for the past seven consecutive years. This problem comes with many underlying factors that will be addressed briefly in the future paragraphs; such as the stray from past historical patterns. For example, the lower percentage rates of home buying among millennials. 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This paper compares the problem of youth unemployment and the impacts it has on the economy as proffered by â€Å"Can Generation Xers Be Trained?†Read MoreYouth Unemployment And Its Impact On The Australian Youth Economy Essay1256 Words   |  6 PagesIntroduction Youth unemployment has been a constant problem in Australia for decades. In Treasurer Scott Morrison and the Coalition’s 2016-17 budget, a new plan focusing on helping young people join the workforce aims to drastically lower the youth unemployment rate over the next few years: the ‘Youth Jobs PaTH Program’. The $752 million dollar program aims to help up to 120,000 vulnerable young people over the next four years (Budget 2016-17, Queensland Government). However, there is a concernRead MoreAn Analysis of South African Economy1746 Words   |  7 Pageslegitimacy. However, the growth and unemployment challenge facing South Africa is significant one. 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