Quality Education is a guaranteed solution to unemployment
Unemployment and poor economic growth around the world is paramount. According to the United States Statistics Census Bureau, there are about 7.076 billion people around the world as of March 2012. The estimated number of people as of March 7,076 billion people being living in the world and of that figure an estimation of 3 billion people are employed and 205 million people are unemployed (http//www.guardian.co.uk/news/databloc/2011/global-economy).
Of the Arab population, 25% of the youth are unemployed and is estimated as the world’s highest while the female youth unemployment is estimated to have reached 30%. Two thirds of young people surveyed in the Arab believed they do not have the skills required to get a job. It is widely suspected that revolution taking place across some of the Arab nations is fuelled by a generation of youth who are over educated or illiterate and unemployed. We may be tempted to think that the world is heading for a great socio-economic disaster should a solution not befound in the next 100 years. In South Africa unemployment rate decreased to 24.9 in Q4:2012 (StatsSA: Quarterly Labour Force Survey, Quarter 4 : 2012) We associate employment with high standards of living and unemployment with poverty. Economic theory suggests that a good quality of education is a guaranteed solution to reduce unemployment, while some believe there are many ways to success and increased employment.
The Essay on Year 2000 People God World
Is There a Light at The End of The Tunnel A Comparative Study Between Religious and Secular Prophecies Upon the Dawning of The New Millennium. People believe that the year 2000 brings worldwide devastation. They are preparing themselves for Y 2 K, apocalypse, and the second coming of Christ. People are taken in on a huge hype that the year 2000 will be the end of the world for everyone. Some ...
It is widely believed that most of the entrepreneurs (self-employed) and wealthy individuals did not receive quality education, for an example people like President. J.Z Zuma of SA who never received a form of formal education, former US President. A Lincoln who was self-educated, Mr Frederic Doughlas who received informal education and yet they became highly successful during their lifetime. Some would argue that education is no longer that significant because there are currently about 600 000 unemployed graduates in SA (Sowetan 10/08/2012) of which 9.7% are university graduates, 16.2% university of technology graduates, 60.3 private and FET’s, 13.8% received qualification through Learnerships (SAGDA States).
The City Press published an article titled University degrees or diplomas no longer hold the promise of jobs for young SA as hundreds of thousands of them battle t find work.
On the other hand there is also an argument from people who believe that the quality of education is a sure solution to unemployment. Someone once argued that there are lots of jobs vacant as there were not sufficient degree holders. And again it is widely argued that if every citizen in the country studies then there will be a change in a society as lower unemployment rates are highly associated with high levels of good education. QLFS release reports that Q1 : 2008 about 64% of the unemployed did not have matric or university qualification. Even the South African Foundation, estimated in 1991 that unemployment among the unskilled and uneducated would increase during 1990’s. It is a known fact that unemployment is high among people with no tertiary qualification and low among those with tertiary qualification. When it comes to retrenchments when companies are faced with economic or financial crisis, normally the employer will most likely lay off people with little experience and less qualification. According to data (QLFS) suggested by Education Level show that 64 out of 100 tertiary graduates found employment in the 1995 to 2002 periods, this figure dropped to 35 for those with matric and 14 for those with incomplete secondary education (Haroon Bhorat, Ted Fiske and Hellen Ladd, (2004), Changing class, education and social change in post apartheid South Africa).
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Due to positive effects of education it is advisable that the standard of education system be of high quality because it will surely solve the issue of unemployment in South Africa and globally. This fact was well understood by the apartheid government as they developed the Bantu Education Act (No.37) to restrict black workers to low paid jobs through a deliberate inferior education. The quality of education one receives will surely assist in a fierce battle for jobs. Among the graduates, those who enrolled for degrees such as Accounting, Law, Medicine and Engineering enjoy the lowest unemployment rate of 0.4%. The quality of education a ensures and quarentees reduced levels of unemployment.
Bibliography
* Management Information Systems for the information age (2001): Steven, Maeve Cummings, Donald J.McCubbrey
* Apartheid education and popular struggles (2004) : Elaine Unterhalter, Harold Wolpe)
* The Development Dictionary, a guide to knowledge as power (2006), Wolfgang Sachs
* Comparative education, education systems and contemporary issues (2001) Wolhuter, E.M Lemmer,
* Changing class, education and social change in post apartheid South Africa (2004), Haroon Bhorat, Ted Fiske and Hellen Ladd
* http://www.guardian.co.uk
* http://www.Sowetan.co.za
* http://www.Citypress.co.za
* http://SAGDA.com
* StatsSA Quaterly Labour Force Survey