Infinite Loop of Unemployment and Underemployment
Author: Thamanna Abdul Latheef 09 Jul 2018
“One of the most powerful tools for empowering individuals and communities is making certain that any individual who wants to receive a quality education can do so. Education exposes young people to a broader world, a world full of opportunity and hope.”
To build a life worth living, the aspirants look out for better job opportunities in their respective fields of expertise. Unfortunately, they’re left with no choice but to accept those jobs which are not only up to their expectation but also pay less than what they deserve. Both career and life of the majority of Indians are in jeopardy due to this prevailing set-up. And it goes without saying that our country’s youth is tackling this issue for decades and it seems to be an infinite loop.
Reality and the Myth
National Sample Survey Office (NSSO) has said in its latest report that around seven crore people in the country are either unemployed or under-employed. According to the information available on the official website of the Centre for Monitoring Indian Economy (CMIE), there are currently nearly 31 million unemployed Indians looking for jobs. In fact, the unemployment rates went down after demonetization in 2016, as job seekers focused on acquiring new skills instead of waiting for jobs in a hard-hitting economy.
On the contrary, a recent report on job creation in India has got a different version of the story to tell. 'According to the payroll data of EPFO, as many as 4.126 million new jobs were created in the eight months till April alone', claims Central Statistics Office. It brought out the first release of employment-related statistics in the formal sector and claims, EPFO's payroll's number marks the highest of all time this year.
If these reports are true and not a window dressing by the government, then where are the jobs? Why is India still under the blanket of severe unemployment and underemployment issue? Why did aspirants have to take to the streets demanding heed from the government? The risk of underemployment not only engulfs the whole development of the country but also compels its youth to take up a job that doesn’t require their potentials and required skills.
The government should focus more on to ensure that the candidates are fit for the job when they enter the job market. Unless and until we fail to provide quality education which enables the candidate to use his/her potential to contribute to the growth of the country as well. We need a revision on how much we value the quality of education and the life henceforth.
ट्रैफिक रूल्स में हुए नए बदलाव जनता के लिए !
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