Education is not preparing them with the skills to get jobs
Every month, 10 million young people reach working age, most of them coming from low and middle-income countries. According to a global research, it takes young people in those countries about a year and a half on average to break into the labour market, and a staggering four and a half years to find their first decent job. This situation could potentially further deteriorate if it isn’t addressed, with 20-40% of the jobs currently held by 16-24 year olds assessed to be at risk of automation by the mid-2030s.
“We believe business has a responsibility to help address the upskilling challenge for all of our stakeholders, including the communities in which we live and work and all of their citizens. It also makes business sense: in PwC's latest Global CEO Survey, three quarters of CEOs said the lack of available skills is a major concern and risk. Many of the people who need upskilling the most have the least access to opportunities,” said Bob Moritz, Chairman of the PwC Network. “By joining forces with UNICEF, we believe we can help reach more people who may otherwise be unwillingly left behind. Together, we aim to upskill millions of young people.”
The collaboration between UNICEF and PwC will support the World Economic Forum’s Reskilling Revolution Platform, of which both are founding partners. The platform aims to provide better jobs, education, and skills to one billion people in the next 10 years.
PwC’s skills, expertise and resources will also support Generation Unlimited, a global partnership hosted by UNICEF, to help young people successfully transition from education and training to decent work. PwC and Generation Unlimited will convene public, private and civil society stakeholders to develop investment opportunities, programmes and innovations that support young people in their path to productive futures and engaged citizenship.
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