Unemployment problems

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Unemployment Problems Dr.S.S.Verma Department of Physics, S.L.I.E.T., Longowal, Distt.-Sangrur (Punjab)-148 106; E-mail: ssverma@fastmail.fm

Education is a very good thing and one must be educated but the irony of it is that when we offer educations to young people we are not in position to offer jobs to them. This is the very cause of disappointment among our educated youths. As regards educated persons, possessing technical qualifications, they tend to be frustrated when they do not find employment despite their best qualifications. There cannot be two opinions that they find their employment very easily on the merits of their technical qualifications, but according to the increasing number of such educated persons, they also become victims of unemployment. Educated youth and his/her parents can only feel the growing problem of unemployment in the country at present. Students spend a lot of time on their degrees and ultimately realize that these degrees are not going to provide a passport into the government or private sector jobs. According to official reports, the unemployment amongst the graduate youth that happened to be at 19.4 per cent in 2011-2012 increased to 32 per cent during 2012-2013. International Labour Organization (ILO) on May 8th, 2013 has estimated that nearly 75 million youth were unemployed around the world and global youth unemployment rate is projected at 12.6 per cent. But these are just the figures, the real scenario is much worst. At present, for one post, thousands of youth with much higher qualifications than desired ones are competing. Economic slowdown pain is quite visible and there is anyways less number of jobs because of the economy slowdown and as a result of this many youths are failing to get jobs. According to the Labour Bureau survey further shows that every one person out of three persons who is holding a graduation degree and above in the age group 15-29 years is found to be unemployed. Problem of unemployment is not restricted to educational backgrounds (type of degrees) but it is rampant in all vocational and professional degrees also. It is not that youth with simple (academic and theoretical subjects) degrees are worst hit of unemployment than those of their counterparts equipped with technical and employment-related courses. India has experienced a higher education revolution in the past decade, with the number of young people completing university degrees rising from a few hundred thousand a year to many millions. Dramatic expansion of university education should have provided new graduates with opportunities unheard of in their parents' generation but it has not happened and neither seems to be happening in future also. Instead, with an alarming rise in the number of unemployed and under-employed graduates, a large group of educated young people are becoming alienated, unable to become part of the growing society. Universities and colleges turn out five million new 1


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Unemployment problems by Prof. S S Verma - Issuu