The jobs time bomb
Rising youth unemployment could endanger Asia’s social stability.
- Published: 15 Oct 2012 at 10.05
- Newspaper section: Asia focus
Asia must come to grips soon with the growing number of unemployed young people or it risks increasing social problems or even violence, as witnessed in cities in Europe and throughout the Arab world, say labour specialists.
“Seventy-five million youth, under the age of 24, across the world are currently unemployed — with almost half of them in Asia,” says John B. Trew, a youth employment specialist at Plan International.
“This is a very critical problem for the region which may pose a threat to stable development of these emerging economies. Some actions have to be taken now and everyone must see this as a shared responsibility rather than an individualistic concern.”
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