Themes Tackling Youth Unemployment

Globally, 75 million young people are unemployed, but businesses can't find enough skilled workers to fill job vacancies. How can a country tackle the Education to Employment challenge?

Young people today are three times as likely as their parents to be out of work. Yet many employers can’t find people with the right entry-level skills to fill their jobs. How to close the gap? In this video, McKinsey directors Diana Farrell and Mona Mourshed share insights from our research with 8,000 stakeholders. We also profile two innovative organizations—one in India and one in the United States—that are pioneering new approaches to successfully transition greater numbers of students from education into employment.

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Comments

5 responses to “Education to Employment Video”

  1. Although many stakeholders are/should be part of education to employment, the heaviest part of responsibility falls on the shoulders of governments, I think. Trillions of dollars are being spend every year on education, but teaching curricula are yet up to the demands of the job market. Educational systems from primary schools to universities need to be reformed in such a way that the development of skills becomes an integrated element in the education process. This is where students from an early age need to go on different tracks, and they should receive the right education for the track they choose. Educational institutions are preparing millions of students for the labor market but for the most part industry is not even involved in the education process. I believe that a successful education to employment depends on better understanding the labor market and the industry and on involving the latter in academic curricula.

    • Zach Zebbediah says:

      The heaviest part of the responsibility falls on governments to dramatically increase the opportunity for private sector competition in the education sector.

  2. Anonymous says:

    Maybe if education in Miami was up to par, their students would find employment?

  3. Increase employer taxes to pay says:

    If public education systems are to tailor their curricula to the specific needs of business/industry, then employers ought to contribute to the cost of the job specific training. This means higher taxes on business/industries to compensate governments for their educational expenditures. The burden of the cost of obtaining the training should also be shifted from the employee to the employer especially if the training is specific to the firm or the industry.

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