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    292268

    Youth are an asset -- unemployment is the problem.

    Miller S

    Habitat Debate. 2003 Jun; 9(2):[3] p..

    There are more than 1 billion people in the world aged between 15 and 25. Nearly 40 per cent of the world's population is below the age of 20. Eighty-five per cent of them live in developing countries, where many are vulnerable to extreme poverty. And, the rate of urbanization is by far the greatest in developing countries. By 2015 it is expected that developing countries will account for over 75 per cent of the world's urban population. The International Labour Office estimates that globally around 74 million young women and men are unemployed. They account for 41 per cent of the 180 million people in the world without jobs. Many more young people are working long hours for low pay, struggling to eke out a living in the informal economy. There are an estimated 59 million young people between 15 and 17 years of age who are engaged in hazardous forms of work. Young people actively seeking to participate in the world of work are two to three times more likely than older generations to find themselves unemployed. (excerpt)
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