The Science Of ... , Evergreen Content

'Youth unemployment at 54%. Chances become slimmer for jobseeker as time passes'

(Also, read: "6.2 million South Africans are actively looking for a job but can’t find one")

We have a clear mismatch between the skills required and the skills available… We have a shortage of skilled people and an excess of unskilled people…

Karen Ferguson, Knowledge Resources

The HR Think Tank was formed in 2017 by Knowledge Resources and the University of Stellenbosch’s Institute for Futures Research to conduct research aimed at maximising South Africa’s human capital potential.

Unemployment in South Africa is at record high levels and there are fears that digitisation and mechanisation will make it even worse.

Our human capital must respond to the demands of the Fourth Industrial Revolution.

While the Jobs Summit symbolised an important step, the outcomes lacked a more wide-spread structural approach to deal with the skills crisis. Many of its agreed-upon initiatives also rely heavily on government intervention in individual projects in multiple industries. What is needed is a broader agreement between business and government that reaches consensus on the foundations of the parties’ respective roles in the growth and jobs project.”

Karen Ferguson, Knowledge Resources

The Money Show’s Bruce Whitfield interviewed Karen Ferguson, Research Manager at Knowledge Resources for the weekly “The Science Of” feature.

Listen to the interview in the audio below (and scroll down for more quotes from it).

There’s a correlation between the quality of human capital and GDP per capita.

Karen Ferguson, Knowledge Resources

If you can’t bring your family along, it makes it more unlikely that you’ll immigrate to South Africa.

Karen Ferguson, Knowledge Resources

The number of Grade One students who make it to Matric… half of them will drop out along the way…

Karen Ferguson, Knowledge Resources

We’re sitting with an official youth unemployment rate of 54%... the chances of entering the labour market becomes slimmer and slimmer as time passes…

Karen Ferguson, Knowledge Resources

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This article first appeared on 702 : 'Youth unemployment at 54%. Chances become slimmer for jobseeker as time passes'


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