Imagine graduating from a good university with a law degree and working as a pump attendant at a petrol station. Or holding an accountancy degree and serving frappuccinos at Starbucks. Or worse, not even being able to find any job at all. These experiences may seem surreal to Singaporean youth, but are the stark reality facing more than half the youth in countries like Greece and Spain.
Rapidly rising youth unemployment – now averaging 16 percent in advanced countries – is now one of the world’s most pressing issues, with not only economic but also social and political repercussions. In many places, we are seeing the emergence of what is likely to be a lost generation.
This deeply insightful commentary by Stefano Scarpetta provides an excellent understanding of the roots of the problem, its role in deepening social inequality, and how technology can be both the cause and the solution.
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