In many countries today there are many highly qualified graduates without employment. What factors may have caused this situation and what, in your opinion, can/should be done about it?

Unemployment

is on the rise. In fact, even highly qualified graduates are now finding it difficult to get a

job

. There are several reasons for

this

unfortunate development. The ongoing economic crisis is one of the main reasons for

unemployment

. The recession has forced many organizations to stop hiring new people.

As a result

, fresh graduates receive no

job

offer. Even employed people are getting laid off due to the financial turmoil in the world’s major economies. It should

also

be noted that major economies like the US, the UK and Germany have long stopped growing. When economic

growth

remains stagnant, the need for new talent

also

diminishes.

This

is the main reason behind the increase in

unemployment

in the developed world. At the same time, there is an increase in the

number

of people graduating from universities.

This

is particularly true in the case of developing nations. Thanks to the economic

growth

in these nations, more and more students can now afford a university education.

For example

, in India, the

number

of people who graduated in 2016 was significantly higher than the

number

of people who graduated from universities ten or fifteen years ago. Unfortunately, in spite of its rapid economic

growth

, the country still does not have enough jobs for all of its people. Another reason that leads to

unemployment

in developed nations is the outsourcing of jobs to developing nations where cheap labour is available.

Unemployment

is likely to be a cause for concern in the coming years too. In my opinion, young graduates should stop waiting for

job

offers from Fortune 500 companies.

Instead

, they should find jobs themselves. The internet has actually made

this

easier. It allows people to sell their products or services to interested parties all over the world.

Also

, graduates seeking employment must stop their obsession with white-collar jobs. If they don’t mind sweating it out, jobs are still available. To conclude,

unemployment

can be attributed to two factors – the increase in the

number

of graduates and the decrease in economic

growth

. The only way to solve

this

problem is to encourage people to find employment themselves.

This

might require them to take up manual jobs, but having a

job

is way better than having none at all.