what is educated unemployment

what is educated unemployment

1 year ago 34
Nature

Educated unemployment is a situation where a person is educated but unable to find a suitable and efficient job for themselves. This type of unemployment is prevalent in urban areas and is one of the most common types of unemployment seen in the urban population. The following are some of the reasons for educated unemployment:

  • Mismatch between aspirations and employment opportunities: Educated unemployment or underemployment is due to a mismatch between the aspirations of graduates and employment opportunities available to them. Graduates may have high expectations for their careers, but the job market may not have enough jobs that require their level of education.

  • Lack of relevant skills: Graduates may lack the skills that employers are looking for, which can make it difficult for them to find a job.

  • Competition: Whatever stream or profession is chosen by graduates, it requires high dedication to face stiff competition. This is the main cause of failure regarding job prospects.

  • Disguised unemployment: In some cases, educated unemployment can be a result of disguised unemployment, which occurs when the number of workers is more than the required work.

  • Economic conditions: Economic conditions can also contribute to educated unemployment. For example, during a recession, companies may not be hiring as many workers, which can make it difficult for graduates to find a job.

To reduce educated unemployment, promoting entrepreneurship can be a solution.

Read Entire Article