CapX’s Post

Did you know that seven out of every 10 youth globally are economically disengaged or under-engaged? - World Bank, 2023. Youth economic disengagement refers to a state where young individuals lack adequate access to opportunities that would allow them to develop necessary skills for employment or further education. This disengagement can be temporary or permanent, depending on various factors such as socioeconomic status, geographical location, and systemic barriers within education and labor markets. A critical subset of economically disengaged youth is those categorized as NEET, which stands for “Not in Education, Employment, or Training.” This group represents the most extreme form of disengagement, as these individuals are neither pursuing academic qualifications nor gaining work experience. The NEET population faces numerous challenges that contribute to their status, including limited access to quality education, lack of job opportunities, and insufficient support systems. Nonetheless, The youths engaged in activities that are not conducive to human capital development, pose as much problems as the NEETs if not more. This significant population is often ignored by national statistics and overlooked by policymakers worldwide. The implications of high rates of youth economic disengagement are profound. Economically inactive youth may struggle with financial independence and face increased risks of poverty and social exclusion. Additionally, this disengagement can lead to broader societal issues such as increased crime rates and reduced economic growth due to a lack of skilled workers entering the labor force. According to the International Labor Organization (ILO), "about 448 million youth are economically disengaged or engaged in low-quality employment", hence one of the reasons for the Youths Development Bootcamp. The YD Bootcamp is an opportunity for disengaged and under-engaged youths to develop their skills in line with their passion in either entrepreneurship, sustainable community development, leadership and politics and education and research. It is also one of the prerequisites to join the Youths for Community Development Network. A community of young people taking action to help create a better and sustainable future across fields and disciplines. Learn more about the bootcamp and apply if you are eligible. https://lnkd.in/eSCkzPyP

As of 2023, fewer than half of the reporting countries have implemented a national strategy for youth employment. This alarming statistic highlights a significant gap in global efforts to secure a prosperous future for the next generation. 📉 Youth employment is crucial for economic stability, social cohesion, and individual well-being. Yet, the lack of comprehensive national strategies reflects a widespread neglect of this critical issue. 🤔 Many young people face barriers such as limited access to quality education, inadequate training opportunities, and a scarcity of decent jobs. These challenges hinder their potential and contribute to cycles of poverty and social unrest. 😔 Among the countries that have developed a strategy, many struggle with effective implementation. 💼 This often results from insufficient funding, lack of coordination among stakeholders, and inadequate monitoring and evaluation mechanisms. Without clear evidence of success, these strategies fail to deliver meaningful outcomes for young people. 📊 To address this, it's essential for governments, international organizations, and civil society to prioritize youth employment policies. 🌟 This involves investing in education and vocational training, fostering entrepreneurship, and creating an enabling environment for job creation. 🤝 Together, we can build a world where every young person has the opportunity to thrive. 🌱 It's time to take decisive action and ensure that youth employment is at the forefront of national and global agendas. 💪 #NIQSFoundation #niqsf #wednesdayfact #YouthEmployment #FutureOfWork #GlobalGoals #ActNow #EmpowerYouth

#Inequality tends to strangle socio-economic mobility. This is why the “Great Gatsby Curve” must be defeated. #Education is an essential agent of #SocialMobility, but alone it is not enough to contrast high economic inequality. A good education means earning higher incomes, but education needs to be accessible, otherwise it fuels the Great Gatsby Curve with better education for children in higher-income families, guaranteeing they will take their place at the top of the income pyramid. For countries with low social mobility – such as Italy – we have to promote #equality of educational opportunities by improving the quality of public education – of all types – by funding related initiatives through strongly progressive taxation. In theory, this would allow the levels of economic inequality to be reduced today, educational inequality to be reduced among those entering the labor market tomorrow, and in this way the future levels of economic inequality to be reduced further. However, this would require in practice to invert or at least to stop the current tendency, found across almost the whole of the West, towards the reduction of fiscal progressivity and the contraction of services provided to citizens – education included, concludes #Bocconi Professor Guido Alfani. Read more and discover "Bocconi4Access to Education" by following the link below.

The University of Newcastle’s Institute for Regional Futures is seeking to engage young people (18 – 30 years) across the Hunter community to lodge an Expression of Interest (EOI) for the Hunter Insights Youth Panel. Panel members will have a role in the fourth instalment in the Hunter Insights Series on Thursday 22 February 2024, and panel members must be able to make themselves available for workshopping sessions ahead of the event. Panel members will be asked to share their views on the following themes: Impact of housing costs and transport options on access to education, training and employment opportunities. Impact of climate change on young peoples’ futures. Issues of equity and social justice. Migration in and out of the Hunter. Young peoples’ overall wellbeing and health. The future of the Hunter and the government’s plans for the region and its communities. The green energy transition and emerging opportunities for regional youth. The EOI is open to young people (18 – 30 years) with an interest in the future of their region. Broadly the Institute for Regional Futures are seeking: People aged 18 – 30 years. People who grew up or currently reside in the Lower and Upper Hunter region. People who understand, and are comfortable speaking to, the barriers and challenges young people face including climate change, the economic transition, cost of living and housing security, among others. People from diverse backgrounds including, but not limited to, those from Aboriginal and Torres Strait Islander, LGBTQIA+ and migrant communities. People from a range of education and employment backgrounds including: Current trainees, students, employed and unemployed people. Those who have completed different levels of education e.g., early school leavers, Higher School Certificate, technical and further education and tertiary education. Those who have experience in, or are looking to enter, a range of employment sectors e.g., knowledge, goods producing and service. If you are interested in joining the Hunter Insights Youth Panel, please complete this EOI Microsoft Form: https://lnkd.in/gkxemDt2 You will be required to provide: a statement covering why you want to be part of the Hunter Insights Youth Panel (max 500 words) your biography covering the dot points in the ‘Who we are we looking for’ section (max 500 words). Submissions have been extended till 11.59pm on Tuesday 16 January 2024. For any enquiries email [email protected]

The Importance of Youth Independence: A Path to Personal and Societal Growth: In today's fast-paced and ever-evolving world, the notion of independence for the youth has gained significant importance. Independence is not merely about financial autonomy; it encompasses the ability to think critically, make decisions, and take responsibility for one's actions. Encouraging youth to be independent is crucial for their personal development and for building a resilient and progressive society. This essay explores why fostering independence in young people is vital and how it can be achieved. 1. Personal Development and Self-Reliance: Independence is the foundation for personal growth and self-reliance. When young people are encouraged to take charge of their lives, they learn essential life skills such as problem-solving, time management, and decision-making. These skills are not just academic; they are practical abilities that help individuals navigate the complexities of …Read more

The Importance of Youth Independence: A Path to Personal and Societal Growth: In today's fast-paced and ever-evolving world, the notion of independence for the youth has gained significant importance. Independence is not merely about financial autonomy; it encompasses the ability to think critically, make decisions, and take responsibility for one's actions. Encouraging youth to be independent is crucial for their personal development and for building a resilient and progressive society. This essay explores why fostering independence in young people is vital and how it can be achieved. 1. Personal Development and Self-Reliance: Independence is the foundation for personal growth and self-reliance. When young people are encouraged to take charge of their lives, they learn essential life skills such as problem-solving, time management, and decision-making. These skills are not just academic; they are practical abilities that help individuals navigate the complexities of …Read more

Young people, locked up during the pandemic, navigating a hostile employment environment and upended studies, have told us they have missed out on being young. They’ve been denied key life-experiences during a critical period of development in their lives. Today, the Monash Centre for Youth Policy and Education Practice (CYPEP) Monash Education, has found that young people are missing out on being young. Data collected for the Australian Youth Barometer was analysed by members of CYPEP's Youth Reference Group to provide deeper insights into what it means to be young, and why young people are missing out. This report explores what missing out on being young means by asking young people themselves and what we need to better support the pandemic generation. Cost of living pressures and balancing work and study has meant that 45 per cent of Australians aged 18-24 often feel like they are missing out on being young. Challenges identified by young people revolve around four key interconnected areas: finances, work, education, and long-term planning. . Findings include: 69 per cent of young people who often worried about having enough to eat often felt that they were missing out on being young; 60 per cent who often experienced financial difficulties often felt that they were missing out on being young; 51 per cent who were unemployed often felt that they were missing out on being young; 50 per cent who were unlikely to stay in their current accommodation often felt that they were missing out on being young; and 55 per cent who felt that it was unlikely they would have children in the future felt that they were missing out on being young. Youth Reference Group co-author, Andrew Leap, said, “This report has captured the constantly changing and challenging dynamics young people must endure to survive, thrive and experience ‘being young’. It exemplifies their resilience and optimism despite the lack of institutional support. But most importantly, it guides decision-makers to move forward and support future generations to prosper from the perspective of young people.” Insufficient support was also associated with feelings of missing out: 56 per cent reported that there is not enough or barely enough government support for mental health, and often felt that they were missing out on being young; 55 per cent reported that there is not enough or barely enough government support for education, and often felt that they were missing out on being young; and 51 per cent reported there is not enough or barely enough government support for employment, and often felt that they were missing out on being young. Authors include: Thuc Bao Huynh, Rebecca Walters, Andrew Leap, Candice Zheng, Steven Bahn, Zihong Deng, Blake Cutler and me. To view the report, visit:

"Youth Employment Hubs can improve people's careers, earnings and wellbeing in the long term - and boost economic growth and productivity, benefitting us all." 🚀 It was brilliant to see Demos new report on Youth Employment Hubs (aka Youth Hubs) published yesterday, authored by Andrew Phillips and Naema Malik. Youth Hubs are incredibly interesting, taking localised, experimental approaches to delivering employment support focused on the needs of young people, with the right organisations working together in the right place to make a difference. 🎯 But despite there being around 120 Youth Hubs across England, Scotland and Wales, there's relatively little understanding about what best practice is and the role they could play in the new Government's commitment to bring down the number of young people not learning or earning - which is now at the highest rate since 2015. Because of that - this report is a timely contribution, and well worth a read - and I'm delighted to have been able to support Andrew and Naema in this work during my time at Youth Futures Foundation, who supported the project. 💡 👇 https://lnkd.in/dw6d2vG9

Did you know that education serves as a powerful catalyst for social mobility? It's not just about acquiring knowledge; it's about opening doors to new opportunities and breaking down barriers to success. Education is the great equalizer, providing individuals from all walks of life with the tools they need to reach their full potential. Whether it's through access to quality schooling, skill development programs, or higher education opportunities, education paves the way for upward mobility. Studies have shown that access to quality education can significantly impact social mobility, allowing individuals from disadvantaged backgrounds to climb the socioeconomic ladder and achieve success. In today's world, social mobility remains a critical issue, with many individuals facing obstacles such as poverty, discrimination, and lack of access to educational resources. However, education has the transformative power to break down these barriers and level the playing field. By investing in education, we empower individuals to overcome adversity and build better futures for themselves and their communities. From improving literacy rates to increasing earning potential, education opens doors to a world of possibilities. Education is not just a local issue—it's a global one. Across the globe, millions of people are denied access to education due to factors such as poverty, gender inequality, and conflict. By addressing these challenges and promoting education for all, we can create a more equitable world. The impact of education extends far beyond the individual. It strengthens economies, reduces inequality, and fosters social cohesion. When individuals have the opportunity to pursue education, entire communities thrive. As we look to the future, it's essential to recognize the pivotal role that education plays in shaping society. By prioritizing education and ensuring equal access for all, we can create a world where everyone has the chance to succeed. So, what are your thoughts on the power of education in driving social mobility? Have you experienced firsthand the transformative impact of education in your own life or community? Share your thoughts and experiences in the comments below. Let's continue the conversation and work towards a more inclusive and equitable society through the power of education. #EducationForAll #SocialMobility #UnlockOpportunities #EmpowermentThroughEducation #CommunityDevelopment #SocietalProgress #OpportunityForAll #FutureGenerations Prof. V Ramgopal Rao Prof. (Dr.) Gurinder Singh Prof A. Siddique Professor Dr Aftab Anwar Shaikh Professor Dr. Pradeep Nair

Why Lack of Education is Not Just a Poor People's Problem Lack of education is not just an issue for underprivileged people because it can affect all of us, regardless of socioeconomic background. While it is true that people from low-income families are less likely to have the ability to access quality education, there are many other factors that can contribute to educational inequality; for instance, race, ethnicity, gender, and disability. Here are some specific reasons why lack of education is not just a poor people's problem: -Lack of access to quality education is a global problem. According to the UNESCO Global Education Monitoring Report 2023, 262 million children and youth worldwide were out of school in 2020. Also, even if they were able to attend school, they weren’t provided with quality education, especially in underdeveloped countries due to insufficient resources and a higher student count, leading to a lack of personalized attention. -Educational inequality is a major problem in developed countries as well. Students are forced to drop out due to reasons such as disability, ethnicity, or income. -Lack of education can have a wide range of negative consequences for individuals and society as a whole. Having inadequate education can cause people to be unemployed or underemployed, which leads to not being able to have access to basic needs, such as healthcare, and social problems. In addition to the above, inadequate education can also adversely affect the economy. A well-educated workforce is essential for economic growth and innovation. Countries with high levels of educational attainment tend to have more productive economies and higher standards of living. Therefore, it is important to recognize that lack of education is a problem that affects people of all socioeconomic backgrounds. It is also important to invest in education for all people, regardless of their background. Education is the key to breaking the cycle of poverty and inequality, and it is crucial for building a more prosperous and equitable world.