Jan 20 2023 Generation Jobless & Generation Boomerang
There was a time when a University degree assured one a of good job, good pay and a comfortable life. Sadly this is just not the case any more. Today, the unemployment rate for young people in Canada is close to 15% – triple that of the general population. (5%) The real crisis though is the increasing number of university and college grads who are underemployed – scraping by on low-paid, part-time jobs that don't require a degree. Although there are no official statistics in Canada, it's estimated that after graduating, one in three 25 to 29 year olds with a college or university degree ends up in a low-skilled job. And to make things worse, 60% graduate with an average debt of $27,000. Mired in debt, and working in dead end jobs, their launch into adulthood is being curtailed. Some are calling those of university age "the lost generation." Youth unemployment and underemployment is a ticking time bomb with serious ...
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