While America has been struggling to regain its footing since the economic crisis first struck in 2008, the situation in the U.S. is just one piece of a global financial puzzle. European countries such as Greece and Spain have been among the hardest hit, and financial instability has plagued African and Asian nations as well. In particular, it seems that the world’s youth have suffered the most from the economic fallout.
According to the Nigerian Tribune, the International Labor Organization (ILO) is currently addressing youth unemployment at the ongoing 101st International Labor Conference in Geneva, Switzerland. The group has stated that jobless rates among young people are three times higher than adults – pointing to 75 million unemployed youths around the globe. Not only are they facing a lack of opportunities, but the available jobs are often temporary and unsuitable for building a stable career.
The South African Department of Labor echoed the ILO’s concerns.
“This means that … young people are not contributing to the [treasury] through taxes and helping to grow the economy,” the department said in a statement, according to AllAfrica.com. “This crisis means that instead, it is the responsibility of governments to ensure that there is a social protection and support for those who are out of employment.”