Youth idleness issue is crucial for sustainable development of Bangladesh. “The youth idleness has increased significantly over the years whereas the in total unemployment remained stable.”
The annual rise in population is increasing the share of the working-age population, as a mass of new employees joining the workforce of the country. The BBS reported that, in 2016, the youth population in Bangladesh has been about 52 million which is more than 33 percent of the total population.
“Over the next 10 years, the working-age population structure has been expected to grow more than 3.2 million annually.”
“As the employment is falling with a simultaneous interpretation slow response on job creation, it would be an problem for the Bangladeshi policy makers.”
“Similarly, global youth unemployment is in the morest critical situation than the overall unemployment.”
“ILO reported that one-third of the youngster people, 2.8 billion, were not involved in employment, education or training.”
“We expected that around one billion youth would enter the job market and only 50 percent of them would be able to get jobs in the next decade.”
“There appears to be a low-skills equilibrium in which the economy and the unofficial sector are trapped.”
“The economy seems to have adjusted to a state of low skill and downcost productivity of workers at the cost of low productivity of the economy, and generally low” earning and under employ mint among workers, with or without skill training.
“Under these circumstances, investment in expanding the existing system, even with some tinkering with skill issues and the call for richer numbers of young people to participate in TVET may”
“Structural changes in the system and new meditation about governance management, resource provision and use, and capacity building at different levels are required.”
The absence of quality education and a skilled labor force are the main causes of youth unemployment in Bangla destem World Bank report found that more than 75% of “business leaders required that a scarcity of skilled young workers was a challenge to hiring youth.”
“Because investment to procreate employment is not in line with demand, he said the country currently must hire skilled workers from India, Sri Lanka and Thailand because of shortage”
of skilled Laboure said Bangladesh’s population under 30 years of age makes up 60% of the total labor force. International Labor Organization study from 2013 estimates that the working-age population will grow annually to more than 2.2 million people over the next 10 years. A recent survey carried out by Protohalo (a Bangladeshi newspaper) on the youth’s perception of the country and their future, brought out some interesting facts about job prospects in Bangladesh.
“Albeit 74 per cent of the respondents expressed in total satisfaction with the economic condition, 82 per cent are unsure about securing a job in today’s economy.”
“Given the global recession and a scarcity of growth of jobs in the country, the bulk of the youths surveyed didn’t provide an upbeat outlook about finding meaningful employment.”
“Their remarks are not off the mark when we look at the data from the Bangladesh Bureau of Statistics (BBS) which showed that maintain economic accrual over the past”
“Then the query is how much of this economic growth is actually benefitting people where accrual is not inclusive.”
“That the bulk of our younger people are not associated with any economic activity or any sort of skills improvement mechanism, leads one to the conclusion that there is”
“a huge gulf between our hoping and the reality on the ground.”
“Economists have been instruction out that Bangladesh’s economic growth has been performing satisfactorily with 6 to 8 per cent GDP growth.”
“However, job opportunities have not been on par with this growth, which leads one to figure out that mere economic growth does not automatically guarantee employment.”
“It states that albeit the economy has performed well, the job market has not grown correspondingly, and therefore the conditions of the people have not improved markedly.”
“Likewise, the Centre for Policy Dialogue (CPD) stated in its discussion on the latest budget that the nation is fast headed towards a great dejection to be triggered by joblessness.”
“We currently have more than 35 per cent unemployment rate among the educated class.”
“So we are in recently in the midst of a jobless growth where the standard of living for the general people does not raise despite a growing economy.”
“Bangladesh is experiencing a persistent unemployment problem, which is getting worse day by day.”
“Presently media reports point out that the economy creates only two million jobs every year, but a mere 700,000 new jobs were created during 2015 and 2018.”
“We have to contend with the fact that investment in the unofficial sector has remained stubbornly low over the past few years, so where will the new jobs come from?”
Again, policy action remains unclear as to how to boost domestic investment, and regardless of all the hype centering on foreign direct investment, it is obvious that the job
“sector will get a boost if civil investment rises.”
“Technical education remains below par and the several technological education institutions that we have in the country are not churning out enough efficient workers either for the domestic or”
“Youngster graduates have to grow used to the idea that not all of them will be absorbed into the regular job sector and many will have to become self-employed.”
“For them to reveal entrepreneurial skills, we need to revamp our system of education which does not truly prepare them for a life in business.”
Education can no longer be limited to coaching-center-based education and the pursuit of GPA 5 results.
“It imperious to be a knowledge-based worship that requires a rethink at the policy level on what is being taught in our schooling system and what should be taught.”
“Youngster people need to study to think for themselves and we necessity to give them the tools for that thought process to begin early on.”
“There is a inviter of structural changes that need to be undertaken and those will not necessarily be painless.”
“For a healthy accrual in the job market, we will have to undergo momentous policy changes in various sectors of the economy.”
“A ill luck to make these will mean tens of thousands of young educated people joining the ranks of the millions idle with little hope for a better future.”
“What we necessity is a wake-up call that will help Bangladesh reap the demographic dividend.”
“Youth unemployment is expected to be a chief problem for Bangladesh over the next decade, In order to a report released by the World Bank yesterday.”
“The report said that the problem of youth unemployment is global, with a third of the world’s 1.9 billion young people not nowadays involved in employment, education or training.”
“The report said a further one billion youth will enter the job market in the next decade, but only 50% are expected to be capable to get jobs that”
The World Bank report compared the situation and indicators in four focus countries Bangladesh, Salvador, Tunisia and Uganda. How is it in Bangladesh?
“A double definition of employed and unemployed does not portray the fact in Bangladesh and other developing countries.”
“The big majority of them are actually under-employed in the unregulated informal economy eking out bare existence from insecure, vulnerable and low-wage work.”
Mohammad Ashraful Allam, chairman of the criminology and police sciences department of Mowlana Bhashani Science and Technology University, told the Dhaka Tribune that there is a big connection between crime and economics.
Youth suffering from poverty, unemployment and illiteracy are often driven by frustration towards drugs, he said, adding that the step to crime is a small one.
“If unemployment increase, the crime rate will too, he said.”
Ashraf said the state needs to take responsibility for this by creating new jobs and upgrading the education system to include science and technology. Young people will feel that they do not belong and society may treat them as a burden. Ehsan said crime will likely follow such a state of affairs, if not among the rich, almost certainly among the middle and working classes. Ehsan said job creation and stipends may help deal with unemployment.