The rise of youth unemployment
Laura Fuller / January 12, 2017
A study conducted by Professor Jeylan Mortimer, as well as various publications suggest that youth unemployment has grim outcomes for those that remain dependent on their primary caregiver in their adulthood. Young people who are not in employment, education or training (referred to as NEETs) are associated with lowered self-efficacy, whether or not the person has been living with their parents or not. Youth blame themselves for their lack of employment, even though a job market that is unsteady and difficult to penetrate is often the cause of job loss.
For young adults in North America, living with parents can be a source of embarrassment, regardless of the fact that an increasing number of 20-somethings live with their parents, according to Statistics Canada. Despite this, the most detrimental aspect of youth dependency is when parents financially assist their adult children. Young adults suffer from lowered confidence and difficulty finding long-term employment the longer that they remain NEETs.
The importance of encouraging young adults to seek further education, training, and employment is outlined in Mortimer’s studies. Not only does securing a job raise an individual’s confidence levels, but it also creates an opportunity for the person to be self-sufficient and independent. A sense of accomplishment stems from contributing to society through maintaining a job in the modern world. Financial, emotional, and educational supports are necessary for young adults to get out of joblessness. An investment in young adults is an investment in a brighter future.