This Economist article explores issues of youth unemployment around the globe.
Joblessness matters for several reasons. First, it is miserable for those concerned. Second, it is a waste of human potential. Time spent e-mailing CVs or lying dejected on the sofa is time not spent fixing boilers, laying cables or building a business. Third, it is fiscally ruinous. If the young cannot get a foot on the career ladder, it is hard to see how in time they will be able to support the swelling number of pensioners. Fourth, joblessness can become self-perpetuating. The longer people are out of work, the more their skills and their self-confidence atrophy, the less appealing they look to potential employers and the more likely they are to give up and subsist on the dole.
The MENA Region needs 100 million jobs by 2020 (World Bank). Legacy International has tapped into its extensive history of quality programming to develop a values-based social entrepreneurial movement that generates jobs and positive social impact in the MENA region.
Through our values-based entrepreneurship program we are offering to young people across the region we hope to have an impact on filling that need.