International • • • 🌿 Progressive

Young graduates in gowns and caps seen from behind, looking toward a city skyline at sunrise
Ilustración editorial / Editorial illustration · EPM

800 million young people risk jobless future

The UNDP warned that 800 million young people could be left without jobs over the next 15 years unless countries act.

--- The context --- The UNDP warning reflects a demographic squeeze across developing economies. In many of those countries the median age is between 18 and 25, so a very large generation is seeking a first job in labour markets that cannot absorb newcomers at the required pace. --- The facts --- Over the next 15 years, 1.2 billion young people will leave school and enter the labour market. Based on the current state of technology, jobs will exist for only 400 million of them, leaving 800 million young people without work unless countries act in time. Two new initiatives aim to unlock investment and jobs. The accelerator will help governments improve policies and legal frameworks and move investment-ready projects into implementation. The jobs facility will spot sectors with strong potential, match skills to employer needs and tackle barriers to hiring. --- The positions --- Alexander De Croo argued that the gap is the result of policy and will not close by itself. He also said job creation is the sustainable route out of poverty, adding that active labour policies can shift the outlook because care, agriculture and tourism will keep creating jobs. --- What remains unknown --- It remains unclear how quickly prepared projects will reach implementation or how many net jobs they will deliver. Nor is it certain how far training can offset the effect of artificial intelligence on entry-level roles for young workers. --- Unanswered questions --- Will governments secure enough investment before demographic pressure intensifies further? Can care, agriculture and tourism absorb those searching for a first job in time? Will debt costs ease so public resources can support wider job creation? --- EPM analysis --- A progressive reading stresses that markets alone will not close a gap of this scale without public investment and cooperation. The fiscal squeeze is stark, since the median developing country spends 9.5 per cent of government income on interest alone. Multidimensional poverty has also risen for the first time since 2010. 📌 EPM Take: In EPM's view, the figure of 800 million young people without jobs should be read as a policy warning rather than a fixed destiny, because the projections rest on the current state of technology and on choices still open to governments. If investment, training and international support arrive late, pressure on poverty and public finances will deepen. Acting early, with projects ready to implement and backing for sectors that create many jobs, can turn a looming generational loss into shared development.
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