Education and Youth Unemployment in South Africa
David Lam (),
Murray Leibbrandt and
Cecil Mlatsheni ()
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Cecil Mlatsheni: School of Economics, University of Cape Town
No 22, SALDRU Working Papers from Southern Africa Labour and Development Research Unit, University of Cape Town
The problem of high youth unemployment is a global phenomenon. According to an International Labour Office study in 2004, youth (15-24) make up nearly half (47%) of the world's unemployed, 88 million out of 186 million, even though youth are only 25% of the world's working age population. Of the world's 550 million working poor who cannot lift themselves above US $1 per day poverty measure, 150 million are youth. The ILO estimated in 2004 that halving global youth unemployment would increase global GDP by US $2.2 trillion, 4% of global GDP. These statistics lend weight to the notion that youth unemployment is a problem worthy of attention. In addition, one may argue that addressing unemployment in general would also lower poverty levels and add to GDP (World Bank 2006).
Pages: 34 pages
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