January 22, 2011

Training Youths in the Ways of the Workplace

Posted in Philanthropy at 9:26 pm by philanthropynews

The most frustrating economic news of 2010 wasn’t that the recession had worsened — it was that things had improved markedly for corporations, but not for the labor force. Even Alan Greenspan expressed concern that the U.S. is evincing “fundamentally two separate types of economy” — one in which big companies and high earners thrive, the other in which millions struggle to find jobs and make ends meet. One group that has been particularly hard hit by the recession is youth. Among workers aged 16 to 24, the unemployment rate is almost 20 percent. For young Latinos, it’s over 24 percent, and for young African Americans, it’s over 32 percent. Some 4.4 million youths are currently unemployed.

This is of serious concern to a country with a rapidly aging population. And while today’s best jobs require post-secondary schooling, 30 percent of U.S. public school students fail to graduate from high school (pdf), and more than half of those who enroll in higher education fail to earn a degree or credential within eight years.

(Read more via New York Times Opininator Blog.)