The debate on youth subsidy has gathered pace. The arguments for a youth subsidy consist of two major arguments.
First, the high rates of unemployment amongst youth are exceedingly worrying. As shown in a previous chart on Zapreneur. The key features of the unemployment data by age, show that:
The key features of the data include that:
- The biggest proportion of unemployed are concentrated in the age groups 15-24 years (29.5%) and 25-34 years (42.8%).
- Unemployment for those 34 years old and younger accounts for 72,3% of unemployed South Africans.
Youth unemployment thus is a serious challenge, and perhaps the defining challenge that we face.
Continue reading “Youth subsidy – Bringing education into the picture”