Post COVID-19 Response: How national governments can help new graduates get jobs
Post COVID-19 Pandemic Response: How national governments can help newly graduated college and high education institutions students get jobs amidst coronavirus pandemic. Photo credit: cnbc.com
The global employment is plummeting
The United Nations UN Labour agency, ILO estimated that 200 million fully employed workers might lose their jobs in the next 3 months – a speedily escalating economic effect of COVID-19 pandemic on global employment far worse than the 2008-2009 economic crisis.
The warning came not quite long after the International Labour Organization (ILO) predicted that 25 million jobs were threatened globally by the new coronavirus pandemic.
How national governments can help newly-graduated and graduating college and higher education institutions students get jobs
It is no longer a piece of news that many nations of the world are facing challenging economic problems as a result of the coronavirus pandemic.
The responsive measures of each national government will determine how the economy will be revamped against the cushioning effects of the COVID-19 Pandemic.
With many countries of the world still fighting coronavirus pandemic, poor export of domestic goods to other countries (international trade) in the globalized world is creating trade imbalance and resulting in a drop in GDP.
Any national government failing to launch campaign, highlighting the urgency and need for young people to be employed and work especially qualified newly-graduated college and higher education institutions students, is treading in murky waters and would country will likely take a longer time than expected to recover its economy form COVID-19 Pandemic.
From the foregoing, job creation measures to support industries and businesses should be one of the Post COVID-19 Pandemic economic recovery agenda of national governments.
But, how will national governments, through their various responsible ministries – Education, Science and Technology; Labour; Industries, Trade, and Investments; Youths and Human Resources help newly-graduated and graduating college and higher education institutions students get jobs domestically?
Provision of basic infrastructure
To ensure the nation’s economy bounces back from an unprecedented slump or recession if that is the case, many countries, especially developing economies should, first of all, strive to provide basic infrastructure for its teeming population.
No substantial economic growth and development take place in any place without basic infrastructures and amenities – consistent power supply; efficient transport and communication system; educational facilities and resources for learning; good health care system, among others.
Encouraging graduates to start their own businesses
With soft financial package as capital and tax waivers, national governments can help newly-graduated higher education institutions students start their own businesses no matter how small.
Small and medium scale business contribute immensely to economic growth and development
Employ extra graduates as teachers and science research workers for sustainable future growth and development
In order to help curtail a high rate of unemployment caused by the COVID-19 pandemic, national governments should employ extra graduates as teachers.
The teaching profession is one of the career areas that has been facing manpower shortages even before coronavirus pandemic. Others are in medical and high-technology savvy professions.
Encouraging and employing newly-graduated and graduating college and university students to take up teaching jobs will help reduce the unemployment rate, boost the GDP, and help the economy recover faster.
State governors should employ more workers
States and regional governments enjoy autonomy to an extent in most countries of the world and can contribute immeasurable to national growth and development.
State government authorities should strive to employ more of newly-graduated and graduating college and university students to work in state-owned firms, enterprises, agencies, departments and ministries to help reduce the national rate of employment and recover the coronavirus pandemic-shrunk economy quicker.
Provide subsidies for small businesses
In order to help them survive, national governments should provide subsidies for small businesses as countries face growing pressure to restart the sagging economy and tackle the associated high rate of unemployment.