Reducing Youth Unemployment: Possible Approaches

The nation's producer, leader, and reformer is its youth. Young people produce all brilliant and new technology. They'll create a brand-new, affluent, and contented planet. Numerous creative initiatives are required to make Nepal a developed and civilized nation. For this, it is vital to establish a suitable atmosphere for the growth and application of young people's innate potential on our particular fundamental foundation. Youth make up 40% of the population, which is another demographic advantage. The 2018 Labor Force Survey, however, revealed that 9 Lakh young people are unemployed. It is safe to presume that the Covid-19 outbreak is to blame for the rise in this figure. It made me think of the adage, "Empty mind, the dwelling of Satan." The kids must become qualified and must be given work or employment that matches their qualifications. This is the duty of the youth and their families, societies, states, and the federal government. Without an effective youth mobilization, it is frequently impossible for a nation to develop. They should be organized to exert decisive influence across all spheres of society, the economy, politics, and the government. They should also possess the knowledge, abilities, and positive traits necessary to uphold high standards in those fields and produce results.

You can guarantee a lifetime income if you can create entrepreneurs when you're young. This will boost domestic output, provide employment, and lower rising imports.

First and foremost, the school system needs to be improved to engage young people in jobs. Our educational system is changing. Instead of being knowledge- and service-based, privatized education has turned commercial. The fundamental rituals of existence, which are small yet significant, are vanishing. Value-based education is no longer widely recognized. The young require counselling services, which are not readily available in the employment sector. Work is not respected in any way. The cornerstone of our culture has been shattered, and foreign media are creating a new culture. The kids are unaware of how food is produced in our kitchen via the labor of many and do not show respect for those hands who work long hours. Young people are drawn to overseas occupations socially, even though conducting modest jobs abroad is riskier than doing them at home. Most young people lack courage, fortitude, and confidence, even those who have reached the educational level of post-graduation. Even though these subjects ought to be learned at the upper secondary level. In addition, young people don't seem to care about intergenerational livestock transfers brought on by shifting markets or other factors. Youth from Nepal who doesn't have livestock frequently leave their villages searching for work abroad. The educational system must be completely overhauled to make significant advances in each of these areas.

Second, working with companies to increase young participation in workplace-based training is essential. Knowledge is provided via formal schooling. However, you need both expertise and sheep to find employment. The work market does not have a high need for theoretical knowledge. As a result, in some locations, the Nepali employers' demand for labour has not been met. These shortages appear to be being abused by tens of thousands of foreign employees. Youth from Nepal have left the country even after completing higher education. According to statistics, 200,000 young people between 18 and 24 have left the country to seek higher education in the past ten years. This demonstrates the fact that Nepal loses precious resources and labour annually to the United States for higher education. It is necessary to set up a time of on-the-job training in businesses and industries to address the mismatch in the Nepali labour market.

Additionally, the government must contribute to the expense of a portion of the pay for that time frame. This type of training equips the workforce with professional skills. It makes them employable for jobs or opportunities for self-employment. Additionally, it aids in raising salary levels. This young mobilization would pave the way for the nation's actual development. Despite the Ministry of Industry and Labor's efforts, workplace-based training has made little progress.

Thirdly, to encourage young people to find jobs, the Prime Minister's Employment Program must be improved. A countrywide operation runs this program. Although its primary objective is to increase the reach of social assistance by giving the listed jobless a minimal level of employment, it appears that this can also offer the country's young a variety of employment services. The youth can benefit from the 753 employment service centers established at the national level under the Prime Minister's Employment Program to train the child, find internal employment, and support safe foreign work in collaboration with the local group, private sector, and training centers, and educational institutions. If given the necessary funding, it would appear that these employment support centers could play a crucial part in addressing the issue of youth unemployment.

Fourth, it's critical to offer resources and loans to encourage young people to start businesses. It appears crucial to help young people shed their dependence on jobs, transition to a self-employed lifestyle, and create jobs for others. You can guarantee a lifetime income if you can develop entrepreneurs when you're young. This might boost domestic output, provide employment, and lower rising imports. Therefore, the government should support the most recent entrepreneurial endeavors with favorable loans and other facilities.

Additionally, this kind of labor is done abroad. However, young people shouldn't act dishonestly by pretending to be entrepreneurs and looking for vacant government buildings. The government should also serve as a deterrent because such actions have a detrimental social and economic impact.

Fifth, the market and domestic production, consumption, and employment arrangements for youngsters should not be prioritized. Jobs are being lost in the nation at the same rate as imports. According to the level of domestic production, new job opportunities for young people will begin to be generated. Therefore, it is critical to comprehend that manufacturing also involves employment. However, the culture of adoring and consuming indigenous products is equally crucial for promoting indigenous manufacturing. The youth should not be distracted from the jobs that are accessible in the nation by the vogue of imported items. They ought to let everyone know about this fact. According to government statistics, Nepalis spent roughly Rs. 4 billion on imported alcohol during the most recent fiscal year. This level of consumption was unnecessary. If the young had consumed local alcohol, jobs would have been created in the local alcohol business, or the money could have been used for beneficial labor for the youth. We would be wealthy, and the nation's domestic production would rise. The "Prime Minister's Nepali Production and Consumption Enhancement Program," run by the Ministry of Industry, has been announced in the budget to begin this fiscal year to carry out such activity. If it can be implemented well, the country will advance, and many young Nepalis' aspirations of finding employment there will come true. Additionally, this will lower the social cost of hiring foreigners.

An immediate step in the direction of youth mobilization will be to increase investment in employment-oriented economic growth. We require job-creating economic growth. Youth issues in Nepal cannot be resolved by economic progress that primarily helps the wealthy and capital. Job creation should be the primary deciding factor for choosing an investment. It appears that the Planning Commission prioritized it when selecting projects. Its usage of it in the area of foreign direct investment is also recommended. The kids, who are the nation's future leaders, will gain from this. How many young people in Nepal have developed knowledge, skills, and entrepreneurship that will help the country while it is overseas? A workable strategy is required to draw them to the nation. Baran Gain Center was founded and funded with this goal in mind. In actuality, the best and most fruitful investment is in young employment. To find the newest employment sectors, ongoing study and research are required.