Effects of Youth Unemployment in the Kingdom
With ever rising number
of graduates every year, the country is struggling to create more jobs. Today
there are more than 9,000+ unemployed people in the kingdom (2013), and the number is still expected
to rise by manifold. With such staggering figure, it has already overwhelmed
the Government, and both private and corporate sectors. In the past, the school
enrollment rate was lowest in South Asia, but today it has the highest in the
region. This has led to more students enrolling to schools and then
graduating from colleges. The reasons may be attributed to the free
education policy in the country, which has made education accessible to
children from all backgrounds, and free health care services, which has
contributed to their well-being.
Large pool of job
seekers from all parts of the Dzongkhags are moving from rural to urban areas,
mainly capital city Thimphu, and other major towns: Phuntsholing, Gelephu,
Samdrup Jongkhar, Mongar, etc. in search of jobs. Very few seekers, if they are
lucky, get jobs at government and private companies, but for others they have
to wander for months or even for years looking for jobs. There are also people
who use contacts and other methods of sort to circumvent the system to get good
jobs, and usually they end up with good jobs. The notion of 'Corruption'
is not a new subject. It's a known fact that corruption is practiced in many
companies to hire or recruit new employees.
For those job seekers who end up without jobs usually take on dozens of gigs to make ends meet. The problem with such 'temporary jobs' is it's not sustainable. There is no security, no benefits, or consistency. The Government might overlook and undermine such problems and ignore it completely, but such actions and ignorance will cause ripple effects everywhere.
1. Economy
Unemployed youths like
many others are a consumer. We buy things all the time. We drive the economic
growth by buying goods and services. If we have large number of unemployed
youths without income, it's really going to hurt our economy - production of
goods and services will fall, investment will decrease, people will stop buying
and start saving, payment on income taxes will decrease, etc. To run the long
term economic growth cycle, we should start paying them by giving jobs.
2. Crime
Unemployment is
a major cause of crimes. People will start breaking rules and
regulations and start resorting to all sorts of non-legal activities to make
money. Suicide, murder, and robbery will take a toll in the society, creating
instability in the country.
3. Health
3. Health
People feel secure when
they have jobs, and when there are no jobs people feel insecure. Insecurity
also impact people's mentality by becoming more depressed. With no money in the
pocket, they will not be able to go to the doctor and pay for the medication.
Sometimes people also take their own lives when they go through all these
hardships.
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