To combat this epidemic, the Young Entrepreneur Council launched a national #FixYoungAmerica campaign earlier this spring. So far, the response has been incredible, especially from Gen Yers already feeling the pinch.
Youth in Revolt: The Global Youth Unemployment Crisis: Youth unemployment is not just a present day problem as it has been to shown to have lingering effects including periods of depression, low job satisf
Grants made under the program are for projects involving the construction and/or upgrade of local infrastructure that supports the needs of young people. The proposed project will provide important community and social infrastructure to young people of the Central Coast providing them with education, training, employment and engagement opportunities in an area of greatest need for high youth unemployment.
But notice that the youth unemployment rate in Germany is 7.8 percent, and in Switzerland, it is 8.5 percent. In contrast, youth unemployment is 15.5 percent in the U.S., even though the U.S.’s minimum wage (using Purchasing Power Parities exchange rates) is below that of these Germany’s and Switzerland’s $10 and $9.20 an hour respectively. In other words, both have higher minimum wages, but much lower youth unemployment rates.