As a way to reverse harrowing global youth-employment numbers, youth entrepreneurship is seen as a bright light at the end of a very long tunnel. But how viable of a solution is it? ISTANBUL, Turkey — The numbers are terrifying. According to recent research conducted by The Economist, around 24.4 percent, or about 290 million, of the world’s young people are currently unemployed. No wonder they’ve been dubbed the Jobless Generation.
A recent study shows that the reality that awaits business and management students after graduation day is quite another from the one they are taught at the universities. But the problem is not addressed by university staff, leaving the students in a limbo of debt, unemployment and insecurity.
Business education is often thought to be a free pass to a professional business career. But how do we ensure that a business education provides the relevant qualifications for getting a job? One way might be to stop thinking so much about employability.
“The economy, stupid,” was the quote hanging at President Bill Clinton’s Little Rock 1992 campaign headquarters. Although the quote has gone through many incarnations in the past decades, it really captured the zeitgeist for the President. Perhaps it has even captured every zeitgeist to ever have existed for every political candidate – this for the simple reason that the economy is something that affects each and every one of us.