Youth Unemployment And Its Impact On The Australian Youth...

Introduction Youth unemployment has been a constant problem in Australia for decades. In Treasurer Scott Morrison and the Coalition’s 2016-17 budget, a new plan focusing on helping young people join the workforce aims to drastically lower the youth unemployment rate over the next few years: the ‘Youth Jobs PaTH Program’. The $752 million dollar program aims to help up to 120,000 vulnerable young people over the next four years (Budget 2016-17, Queensland Government). However, there is a concern how effective the scheme will be, due to its emphasis on purely internships. Many argue that the Coalition’s youth unemployment scheme ‘Working Futures’ is a better option to lower youth unemployment, for its alternative structure and focus. To decide which one is best for Australia, both the Coalition and Labor Party’s scheme will be judged by analysing their social impacts upon the Australian youth. Background Issue In Australia, youth unemployment has averaged 13.49% between 1978 and 2016 (ABC News, 2016), with it currently resting at 13.24% (Trading Economics, 2016). â€Å"This rate is almost double of adult unemployment† (Brotherhood of St Laurence, 2016). It is clear to see in figure 1 below. â€Å"In early 2016, the ABS Labor force found that 258,000 youth aged 15-24 was unemployed† (ABS, 2016), accounting for over a third of total unemployment (721,400 people)† (ABS, 2016). There are several reasons youth unemployment exists in Australia, with the primary cause being low economicShow MoreRelatedPotential Solutions For High Youth Unemployment1005 Words   |  5 PagesQuestion How can the high levels of What are potential solutions for high youth unemployment in Australia be solved, and what are its implications on inequality for young Australians? I. Introduction High levels of unemployment have many negative effects, including rising inequality, which is a major issue in developed economies such as Australia (REF). Income, and wealth inequality are the two main types of inequality examined in economics. Income Distribution Income distribution refers to howRead MoreUnemployment Of The Australian Economy1077 Words   |  5 PagesIn the Australian economy, trending unemployment rates are a prevailing socio-economic issue. With the labour market central to unemployment and the distribution of jobs, many factors arise as the key influences on unemployment. With an incredible number of industries facing high demand by consumers, it is speculated that employment would feature an increase to compensate. However, many factors of the labour market contradict this and instead increase unemployment. Factors such as the level of economicRead MoreIncreasing Minimum Wage For Women And Young Employees901 Words   |  4 Pageshelp single mothers to support the family, and reduce youth unemployment. The first result from the solution of increasing minimum wage is improving all salaries from different occupations. Over the last 25 years there have been several changes in employment pattern between men and women, conceding that there are an average of one third of female workers are occupying professional jobs which require a more advanced skills by 2004 (Australian Bureau of Statistics, 2006). It can be seen that femaleRead MoreLabor Government Budget Building Australia Future Workforce For Positive Impact On Workforce Re Entry For Long Term Essay1553 Words   |  7 Pages2011-2012 budget ‘Building Australia Future Workforce’ for positive impact on workforce re-entry for long-term unemployed and financial incentives for employers through wage connect. †¢ Long term unemployment (exceeding one year) and very long term unemployed (exceeding two years) amongst working aged youth is becoming a disturbing trend within Australia’s workforce. †¢ Dr Lucas Walsh Director of the Foundation for Young Australians notes when manual and educational employment preparation for Australia’sRead MoreHow Alcohol Consumption Is Culture1237 Words   |  5 PagesProblems such as difficulties with unemployment, past experiences and such contribute to ones behaviour. In past research, the earlier the initiation, the more chance of drinking Pettigrew Donovan (2003 ,p.30). It has also been mentioned that binge drinking in the youth community has been linked with alcohol abuse. What role does the media play?. Young form of interaction is associated with media. Individuals are engaged in movies, tv, and music. Australian Bureau of statistics found 93% of 15-17Read MoreAustralia s Current Economic Growth1390 Words   |  6 Pagesand services purchased by households in the nation. Another economic issue is that of unemployment, which consists of situation where individuals desire to work, but are unable to find a job, and as such, labour resources within the economy are underutilised. A person is classified as unemployed if they are aged 15 years or older, and are actively seeking work however unable to obtain it. The rate of unemployment is currently at 5.7% (May 2016). The use of macroeconomic policy has assisted AustraliaRead MorePrecarious Employment2344 Words   |  10 PagesSociology Essay Young people and the difficulties faced in negotiating a precarious and exploitative labour market The operational definition of youth varies widely from country to country but the UN defines youth as the age group between 15 and 24 years old. Essay Question Young people are confronted with the difficulties of negotiating a labour market that is precarious and exploitative. There are major difficulties of entry, especially into full-time work in the formal and informalRead MoreExploring Factors Affecting the Quality of Life for Australia’s Rural Population1486 Words   |  6 Pagesservices, and social structure. Therefore the welfare issues experienced and the impact these have to lifestyle within Australia’s different populations would also differ in relation to these factors. This is certainly true for Rural Australia. The biggest factor impacting Rural Australia has been the changes to the economic viability of primary production, one of the largest sources of income for Australia (Australian Government, 2008), affected by globalization, deregulation, privatisation andRead MoreAustralia Case Study1672 Words   |  7 PagesShould the South Australian government enforce a cap on some university positions? Evidence of decline in graduate based jobs in Adelaide Recent statistical data has shown that university graduate jobs are in decline. In fact, studies have shown that less and less individuals are finding full-time employment occupation once completing university. This is evident in a study conducted by National Institute of Labor Studies at Flinders University (2016) which determined that between 2008 and 2014Read MoreEssay on The Impact of the Global Financial Crisis on Economic Growth4072 Words   |  17 PagesEconomic growth The impact of the Global Financial Crisis on economic growth As a result of the global recession, Australia’s GDP was forecasted to contract by 0.5% in 2009-10 in comparison to other advanced economies which were expected to contract by 3.75% in the same year. However minor the reductions in GDP, it was evident that Australia was not exempt from the global recession although is better placed and is expected to perform better than almost all other OECD economies. The global recession