The joint report of the International Labour Organization and the Asian Development Bank titled ‘Tackling the COVID-19 youth employment crisis in Asia and the Pacific’ apprehended that the COVID-19 pandemic may hit with a job loss of 41 lakh youth in India. The report also added that a major percentage of job loss will be faced by the workers associated with the construction and farm sector.
What are the key findings of the report?
The report conducted a regional evaluation of the ‘Global Survey on Youth and COVID-19’.
- The youth of the age group of 15-24 are going to experience the maximum impact
- The pandemic outbreak severely affected the apprenticeship and internship program.
- The report considered three factors as responsible for this condition i.e. reduced working hours and wages, job losses, lack of training, and education.
Measures suggested by the report
- The report suggested the government to take some actions with immediate effect on employment generation, training & education, and prevention of any further impact.
- It suggested wage subsidies and public employment programs for the youths of India.
- More inclusion of youth in the labor market with innovative solutions for better allocation of resources.
Global picture
- The report showed an increasing trend of youth unemployment rates in countries like Indonesia, Australia, Malaysia, Japan, Vietnam, China.
International Labour Organization
- ILO is an agency under the United Nations whose objective is to set international labor standards for the advancement of social and economic justice.
- It was established in 1919 and headquartered in Geneva, Switzerland
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