With youth unemployment well above the national average, exams might not be the only thing keeping young Canadians up at night. But one think-tank wants to ease the extracurricular stress students face by trying to guarantee availability of 186,000 jobs for those making the transition from backpack to briefcase.
Summary from Academica Top 10 25 June 2014
Canadian think-tank proposes “youth job guarantee”
Canadian think-tank the Broadbent Institute has a plan to create 186,000 “guaranteed” employment positions for Canada’s unemployed youth. The institute recently released a report that details this plan, essentially requiring investments by government and private businesses that will create 12-week-long, paid co-op, internship, and job placement positions in order to give young Canadians a boost into employment. “It’s time for the federal government and Canadian businesses to get serious about the youth jobs crisis and work together to tackle it,” said Rick Smith, Executive Director of the Broadbent Institute. “The employment situation of young people is worse today than before the recession, and that’s simply unacceptable.” At a pay rate of $15/hour, the institute asserts it is possible to decrease the number of unemployed youth by almost 50,000 at any given time. Smith says the private sector can use so-called “dead money”—money that is neither being invested or spent—to create jobs specifically for young workers, with the added bonus of growing the future labour force. CTV | Report