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Showing posts with the label global unemployment

Are Millennials Becoming Known as “Generation Unemployed”?

A growing crisis is unfolding among Millennials worldwide that could someday have an impact on international business. That is at least according to The Ground Truth Project that includes 21 fellows reporting from 11 countries. Global youth unemployment and few opportunities for training new skills are rising across the world.   Where these Millennials seem to be lacking in opportunity they are also trying to create their own avenues through entrepreneurship.  They have been nicknamed “Generation Jobless” because they are unemployed and not enrolled in some type of formal schooling. They could someday be the chronically unemployed class of people who are not, or cannot seek, to improve their positions in life through formal channels. This makes them more likely to use alternative paths to achievement.  Nearly a quarter of the world’s 15-24 year-olds are seriously struggling to meet the day-to-day needs of buying food, affording a place to stay or attending trade/formal pos