Youth unemployment climbs, creating new challenges for business | Herald NOW Bu…

Youth unemployment climbs, creating new challenges for business | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Youth unemployment hits 30-year high","summary":"New Zealand's youth unemployment rate has reached its highest level in over 30 years. This is creating significant challenges for businesses struggling to build their future workforce."},{"timeSeconds":12,"label":"Economic impact of youth unemployment","summary":"With one in five young people out of work, economists warn of impacts such as lower productivity, weaker growth, and higher long-term costs for taxpayers."},{"timeSeconds":26,"label":"Company director's perspective on the crisis","summary":"Victoria Carter, a company director, expresses surprise that more is not being done to address the youth unemployment crisis. She describes the situation as 'dreadful' for young people and their parents."},{"timeSeconds":47,"label":"The struggle for young job seekers","summary":"Carter highlights the difficulty young people face when they have completed their education and qualifications, only to find no available jobs. This lack of opportunity can be demoralizing."},{"timeSeconds":100,"label":"Personal story of a dyslexic teen","summary":"Carter shares a story about her son, who has dyslexia, and how she encouraged him to volunteer at a local school. This experience helped him gain confidence and a sense of purpose."},{"timeSeconds":155,"label":"Lessons from past programs","summary":"Carter references a program called 'Taskforce Green' from 1988 in New York, where unemployed individuals were given jobs to clean up the city. She suggests similar initiatives could be beneficial."},{"timeSeconds":247,"label":"Productivity and skills pipeline at risk","summary":"The current high youth unemployment rate puts the future productivity and skills pipeline at risk. Carter notes that 48% of young people in Christchurch are unemployed, which is a tragedy."},{"timeSeconds":337,"label":"Solutions and future outlook","summary":"Carter suggests that programs like 'Taskforce Green,' which provided subsidized employment and a sense of dignity, could be a solution. She believes such initiatives are crucial for helping young people enter the workforce."}]} <!--/mynz:youtube-chapters-->