A recent IIM study stated that unemployment is worse for the educated people of the country in India. In this note, I’ll be explaining why this is a pressing issue for the youth of the country. According to the study, while the unemployment rate for the less educated is relatively low, it skyrockets to 14.73% for graduates and above.
As a recent graduate who’s just started her career, the findings of this study profoundly scares me. The revelation that unemployment rates escalate with education levels paints a stark picture of the challenges young professionals face in India’s labor market. This weighs heavily on my mind and fuels my concern for the future, not just for myself but for countless others navigating the same uncertain path.
The specter of unemployment looms large, casting a shadow over aspirations and ambitions. It’s not merely about securing a job. It’s about the quality of those opportunities, the fairness of the system, and the broader implications for societal progress.
Why I am talking about it?
Unemployment among the educated reflects a systemic flaw within our society that affects us all. When unemployment rates skyrocket for graduates and highly educated individuals, it’s not just a personal setback for those individuals, but it’s a symptom of larger societal challenges that demand our attention.
Firstly, rising unemployment among the educated undermines the very notion of meritocracy and equal opportunity. Education is often seen as the pathway to success and economic mobility. Yet, when highly educated individuals struggle to find employment, it calls into question the fairness of our systems and institutions.
Secondly, the consequences of unemployment extend far beyond individual hardship. They ripple through families, communities, and the economy as a whole. Moreover, they contribute to social unrest and worsen existing inequalities.
Thirdly, addressing unemployment among the educated is essential for fostering inclusive growth and building a more resilient society.
You should care because…
The rising unemployment among the educated challenges the principles of meritocracy and equal opportunity, raising concerns about the fairness of our societal systems. Beyond individual hardships, this phenomenon has broader implications, including stifled innovation, dampened productivity, and exacerbated social inequalities. Addressing this issue is essential for fostering inclusive growth and building a resilient society where all members can access meaningful employment opportunities.