The human resource of a country is the most dynamic and valuable of all resources. For a developing and over populated country like ours, it is essential to understand and utilize the tremendous potential that lay in our human resource. The youth, therefore, is the determining factor of the quality of this potential. Poverty, unemployment, illiteracy and overpopulation have plagued India for ages now. We shall discuss a segment of one of these evils – unemployment of the youth.
Before a more detailed study it is important to point out that youth unemployment is a challenge for almost all nations in the world including the developed. But it is in the 3rd world countries that such unemployment has a deep social, political and economic clasp. Developed nations have the advantage of being more organized economically and therefore any alarming rise in unemployment level can be somewhat neutralized by economic policies of the government. In case of India the immense diversity hinders any policy or program’s effective penetration into the core of the target population. The problem of youth unemployment therefore cannot be dealt with at a macroscopic level. An approach that handles effectively the various complications of the problem at a microscopic and individual level is necessary for a nation like India to provide its youth with quality employment opportunities. As a fresh graduate myself the challenges of unemployment are but my very own personal problems.
WHERE IS MY JOB?
In the last two decades, India has seen the impact and the effect of the LPG (liberalization privatization and globalization) policy introduced by Rajiv Gandhi’s government in the early 90s. This change quickened the technological advancement and the gradual shift from the manufacturing to the service sector. Manual laborers became more and more useless. This had a strong social impact. In most cases unemployment caused frustrations that eventually lead to increase in crimes in society. Society therefore had to accept the changes as well as the people who were trained yet ineffective in any industry. If such a workforce is young and energetic, then it is bound to apply its vitality in some other way. Sadly in case of developing countries like India, Bangladesh and Sri Lanka, such alternative options are often antisocial and even criminal activities. Crime rate therefore is directly proportional to the unemployment rate. The rates we are given often are derived by using complex statistical methods and ends up giving us half truths. Indian states of Madhya Pradesh, Uttar Pradesh. Bihar and West Bengal have the worst crime rates and unemployment. The entire blame goes to the state governments that have failed to implement policy after policy to empower the youth and support the self employed. This had led to a volatile situation for the youth in the society. The rural youth who relied on their physical strength now find themselves worthless in front of the nerds who work mostly with their fingers and eyes. Psychologically therefore there has been a great demoralization of the Indian youth post liberalization.
SOCIAL IMPACT
Analysis of the signs of coefficients of socio-economic variables reveals mixed results.
Economic growth has actually led to an increase in crime rates. The reason lies in the quality of growth occurring after liberalization. Liberalization operates in many ways:
1. It has increased inequalities, and hence social tension.
2. The capital intensive nature of industrialization has squeezed the growth of employment opportunities for the general PUBLIC.
3. Rising consumerism has led to a sharp increase in consumer demand. Coupled with restrictions on legal means to satisfy this demand, this may lead to an increase tendency towards relying on criminal means to satisfy this demand.
Simultaneously, rising education levels – without any corresponding increase in economic opportunities for the masses – seems to have led to increasing frustration with legal means of livelihood, and increased crime rates. The increasing employment opportunities created by urbanization, on the other hand, seems to lower crime rates.1
Another problem faced by the Indian youth is the government policies on labour which have backfired badly. MNCs often rely on contracts that subdue the government mandates that make employees almost a liability. For example the political party that was in power in West Bengal for 30 years had made some laws of the state that put great restriction on work hours, Employee provident funds (PFs) and Public Provident Funds (EPFs). Apart from these there was significant pressure on employers to provide good pension schemes and heavy compensations during voluntary retirement(VRS). All these policies by the government ended up making West Bengal a hostile region for any Industry of international standard to operate. Labour union problems were so severe that even top notch companies like DUNLOP (tyre manufacturers) faced lock outs. The more recent fiasco saw a company the size of TATA MOTORS leave West Bengal fearing further controversy regarding land acquisition and labour laws. The worker belonging to Bengal therefore carried on his unemployed shoulders the great burden of the state policies. He began to be feared by the Employer. And today West Bengal has acquired the name ‘Waste’ Bengal.
You May Also Find These Documents Helpful
-
A. Background of the Study When we were still kids, we dream of what we want to be in the future. Older people will usually ask us if what we want to be in the future. Most of us will say, they want to be a doctor, lawyer or engineer to name some. We think and think about our career, but once we are already in the college level, we now dream to become successful in life and have a stable job. But with the rate of unemployment here in country continue to increase, there are no guarantee that once we graduated we will have a job immediately. Unfortunately, many still fail to have stable jobs. Some even can’t find a job even though they graduated from top schools. Then we found ourselves ending in the pool of unemployment. Unemployment is indeed a very important issue all over the world. People are getting laid off, some cannot find a job, and the number is increasing. Government wants to achieve full employment but we all know that it will never happen simply because there are…
- 4320 Words
- 18 Pages
Best Essays -
The purpose of this paper is to present estimates of young people in poverty in the world, with particular reference to South East Asia. The paper also describes the efforts by countries in the latter region to overcome poverty among youth, both in terms of specific measures and as part of a more general strategy to reduce poverty. Reference is made to successful examples of pro poor interve ntions that help young people. However, attention is also given to the lessons that might be gained from efforts by governments and other agencies that have been less than successful. Many young people in the world experience extreme poverty but there is little published evidence to show this. This paper presents estimates of the headcount of young people in 2002 living on less than $US1 and $US2 a day. However, due to the limitations of this income-based measure of absolute poverty, I also present estimates of the number of young people in hunger, based on 1999-2001 data. Why is it important to identify young people as one group experiencing extreme poverty? Poverty in developing countries affects most residents in terms of diminished life chances. However, in working out where best to direct resources, it is important to understand who suffers more from the effects of poverty. National poverty reduction strategies, to be comprehensive, require reliable information about the prevalence of poverty among groups, such as young women or rural youth, who have been excluded from benefiting from economic growth in the past. It is a common assumption among economists that ‘a rising tide will float all boats’. In other words, that economic growth in itself reduces poverty. However, this view can be challenged as…
- 7652 Words
- 31 Pages
Powerful Essays -
This essay will discuss why young people are two to three times more likely than adults to find themselves unemployed and why the problem is rapidly growing in almost every region of the world. Although young people today are the most educated generation ever, both industrialised and developing countries are failing to increase employment opportunities for them. The lack of opportunities is of course linked to the general state of the economy and employment situation but it is also a result of the mismatches between the skills young people possess and the skills required by the labour market. All of these factors can lead to long periods of unemployment, job seeking or low skilled and precarious work, which are not only detrimental to young people but impact heavily on economies and society in general. (ILO tackling youth unemployment)…
- 2344 Words
- 10 Pages
Powerful Essays -
Youth unemployment in Australia has been a problem of the past and is rising with poor implementations. As such, various factors have to be contributing towards the issue. Contributing factors are approaches or methods that escalate the problem, and needs attention should be accorded.…
- 298 Words
- 2 Pages
Good Essays -
Analyze and Describe the Issues Faced by Malescowski and the Company and the Reasons for These Issues.…
- 16646 Words
- 50 Pages
Satisfactory Essays -
The foundation of economies and societies today and in the future are build by young men and women. Youth is a time which is crucial for the young as they strive to achieve and gain productive employment and decent work. According to ILO estimates the number of young people reaching working age is increasing and will reach one billion by the end of the next decade. Rapid globalization and technology is offering opportunities for productive work to some, however for a large number of youth the transition to productive work is a difficult and pain taking process. The investment of governments in education and training will be lost if young people do not move into productive jobs that enable to support themselves and contribute toward their families and society as a whole. Fragility of youth in labor market has further increased in the wake of the global economic crisis. According to ILO estimates youth unemployment after the economic crisis has sharply increased from 11.9 to 13.0 per cent.…
- 1033 Words
- 5 Pages
Better Essays -
Looking at India first unemployment is seen as problem because country’s most important productive asset which is its manpower, abundance in India, is going waste being idle. Unemployment among educated youth is a bigger concern in the country because time and money invested in their education to add value to country’s economy is not yielding as expected or as required. In monetary terms cash is flowing out of the economy faster and not adding back into the economy in same proportion through services people have been trained and educated for. One of major cause is the government impractical policies in the country badly failing in providing basic necessities to its own people. It is of view that education takes you to places and new heights but only when one’s basic necessity of food, clothes and housing gets fulfilled to keep oneself alive, and it is when person can further look for education to improve living standards. In India, still millions of people living below poverty line struggling to make ends meet. The daily wage worker or labor still today struggles to even earn one time meal a day to survive. A number of government policies and programs have been initiated in past and presently to create growth opportunities for job, work, employment through improving education system, infrastructure, manufacturing sector, agriculture sector, service sector. Since 90’s liberalization has improved scenario of employment a lot with foreign investments flowing in, MNC’s coming in ,etc. but it has its gray shades unleashing slowly in face of the country, as the outsiders are getting exposed of exploiting the loop holes in the policies not in favor of the country and hence unemployment problem still hovering…
- 587 Words
- 3 Pages
Good Essays -
A challenge facing youth is unemployment. When looking back as far as decades ago, the youth of today have a very hard time finding a steady good job. During the time period we have notice that economy has had a downturn which affected jobs and several other companies. Studies show that across the globe, the economic crisis has had a dramatic impact on the challenges facing young people seeking jobs. Between 2008 and 2008, the youth unemployment rate has seen the largest annual increase on record, reversing the Pre-Crisis trend to declining youth unemployment rates since 2002 and rising to 13 percent in 2009. I believe this is a important problem because its affecting their financial life but also causes to lose confidence or hope in the Young Adults.…
- 932 Words
- 4 Pages
Good Essays -
The world is experiencing a bulge in its youth population and as a result there has been a dearth of employment as the current labour market cannot accommodate the number of youths seeking employment. Of particular concern is that countless young people in developing countries like Nigeria will reach employment age within the next decade but the question is: Where is the employment opportunities?…
- 1438 Words
- 6 Pages
Powerful Essays -
Estimates of the total number of Indians unemployed or underemployed vary between 70 and 100 million. This figure can cause concern to any nation, but to a developing country like ours, it is the cause of great distress. A developing country must mobilize its manpower resources to the maximum possible extent and a developing country with such a large segment of its population unemployed or underemployed is a contradiction in terms.…
- 1597 Words
- 7 Pages
Powerful Essays -
‘Aam Aadmi’ of India belonging to all classes from the most affluent to the most deprived…
- 1141 Words
- 6 Pages
Good Essays -
Overview of unemployment Sector-wise absorption of labour Trends in Labour Force Participation Labour Force Projections by Age Groups Projections of work opportunities Home Underemployment Age structure of population: 1997-2002 Participation in labour force by age & sex Population & Labour Force: 1997-2012 Population, Labour Force & Employment…
- 1843 Words
- 8 Pages
Powerful Essays -
Unemployment is parallel with output of economic. This is due to labour in country can’t fully utilised as unemployment rate is higher. Young people are main workforce to supply labour. Thus, government should provide job opportunities to…
- 501 Words
- 2 Pages
Good Essays -
The youth unemployed should be one the groups the most in need for financial support in Hong Kong. They face keen competition and suffer from the local economic regression, which create difficulty to them earning a living. Young people, in general, refers to people in the age groups of 15-19 and 20-24 (Chung Kim-wah 2009). They are recognized as labor force in Hong Kong, but their employment opportunities are not optimistic. Those school leavers in the age of 15-24 entering the labor market have little competitiveness compared graduate job applicants, especially when the supply of graduate workers are so abundant in the market (Chung Kim-wah 2009). The unemployment rate of them keeps rising and reached 19.5% in 2008 (Youth Study Series 2009). Those unemployed receive no salary while they need money for daily expenses, creating potential financial burden on them. Facing competition among themselves, the young graduates are not any better either. Nowadays, the large number of graduates makes the labor market saturated, providing the employers so many choices (Chung Kim-wah 2009), not to mention that a number of them are still obliged to pay for their grad loan. The young unemployed population, both graduates and non-graduates, have to compete fiercely for the limited job positions in the market. Such pessimistic employment prospect has strong relation to Hong Kong economic regression, which causes shrinkage in labor market (Youth Study Series 2009). While the number of job vacancies is declining, more and more young school leavers and fresh graduates enter the marekt seeking for jobs, resulting in increasing unemployment. Both the problems of vigorous competition and economic slowdown cannot be easily solved and need a long term economic adjustment. The young unemployed have little to do to escape from the predicament. Financial support from the government may give temporary but necessary assistance to them.…
- 520 Words
- 3 Pages
Good Essays -
When youth unemployment rises from 10% to 20%, the proportion of children whose parents have a positive attitude to schooling who wish to stay in education increases from 94% to 97%. The proportion of children who want to go to university increases from 84% to…
- 1581 Words
- 7 Pages
Powerful Essays