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South Africa Comes up Short in Attempt to Create Jobs for Youth

South Africa Comes up Short in Attempt to Create Jobs for Youth

“The number of people entering the labor market — you can be absorbed by the labor market in such that it is dominated, indeed dwarfed by the oversupply of labor. In other words, we can’t grow jobs as fast as the population is growing,” Andrew Levy, labor analyst told CCTV Africa.

According the video report, the country — along with many global economies — is coming up short in their attempt to boost youth job creation. The current overall unemployment rate stands at 25 percent.

On top of a shortage of highly-skilled workers, manufacturing jobs have shifted to nations in the east and technology continues to replace workers. Government planning to sustain a youth wage subsidy is contingent on between five percent and seven percent economic growth.