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Youth and Income

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These unemployment rates, however, are not truly indicative of the plight of the world's youth. All over the world, young people typically work longer hours than adults while facing informal, intermittent, or insecure work arrangements that are characterized by low levels of productivity and earnings and a lack of labor protections. The situation is particularly bad in developing nations, where youth (and especially young women) account for the majority of the underemployed and those working in the informal economy. This stark reality serves to undergird and feed the vicious cycle of poverty throughout the world, where inadequate education and training, poorly paying jobs, and underemployment serve to transmit poverty from one generation to the next. Levels of family income throughout the world are strongly tied to the educational attainment of young people, while child labor invariably reproduces poverty from one generation to the next while severely dampening the child's employment prospects as an adult.

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Youth and Income. (1969, December 31). In LotsofEssays.com. Retrieved 08:58, May 11, 2024, from https://www.lotsofessays.com/viewpaper/1688530.html