In the post-recession labor market, young Americans face high levels of unemployment, low wage jobs, and record-high college costs. A lack of awareness and misperceptions among businesses, hinders the apprenticeship model from creating pathways to well paying jobs that don’t require the youth to take on student debt.
Young people in Brazil enter the workforce too early, hindering their ability to gain the education and employable skills that deliver good job outcomes. The Brazilian government has implemented a broad set of social welfare schemes aimed at giving families financial relief, enabling youth to stay in school longer and delay their entry into the labor force.
A community-based organization, Saath, has developed a program to give young people a supportive network and the soft skills they need to manage their transition from the informal sector to a new, formal sector job.
South Africa faces the third highest youth unemployment rate in the world, due to high labor costs, a massive skills gap and vulnerability. The Employment Tax Incentive (ETI) is a wage subsidy scheme meant to incentivize firms to hire more young people by offsetting the cost.
Viridis Learning is a unique educational and job-matching program aimed at fostering a labor market-matching infrastructure through a technology platform, that includes features such as an employability score, a lifelong “Skill Passport” with stackable credentials and employer access to a real-time database of qualified job candidates.