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A Solution for European Youth
Unemployment
Entrepreneurship
Dr. Peter Vogel
Peter Vogel Strategy Consulting
Switzerland
Ma...
EU28 Youth Unemployment
3© Dr. Peter VogelOctober 14th, 2016
YouthUnemploymentRate
Youth-to-Adult Unemployment Ratio
4© Dr. Peter VogelOctober 14th, 2016
Data: OECD, 2015
5© Dr. Peter VogelOctober 14th, 2016
Some more facts
 Most statistics ignore the NEETs (neither in
employment, education ...
Major (largely ignored) Issue: NEETs
6© Dr. Peter VogelOctober 14th, 2016
Data: Eurostat
Drivers of the Youth Unemployment Crisis
7© Dr. Peter VogelOctober 14th, 2016
Demand Side
 Low aggregate demand
 Inflexi...
What if We Don’t Find Adequate Solutions?
8© Dr. Peter VogelOctober 14th, 2016
Individual Consequences
 Scarring effect o...
9© Dr. Peter VogelOctober 14th, 2016
Title & Initiator/Proposer Chapter Title & Initiator/Proposer Chapter
4.0 Schools 5 L...
Solutions – Multi-Stakeholder Efforts
10© Dr. Peter VogelOctober 14th, 2016
11© Dr. Peter VogelOctober 14th, 2016
Tomorrow’s Job Creators
Why Foster Youth Entrepreneurship
12© Dr. Peter VogelOctober 14th, 2016
Entrepreneurship is becoming increasingly accepted...
Evidence for Impact of Entrepreneurship
13© Dr. Peter VogelOctober 14th, 2016
Entrepreneurship is a main driver of economi...
Entrepreneurship Ecosystems
14© Dr. Peter VogelOctober 14th, 2016
Source: Vogel, 2013
Let’s work together to build stronge...
Thank you for your attention!
15© Dr. Peter VogelOctober 14th, 2016
30% discount for participants!
Order the book on www.p...
Entrepreneurship: A Solution to European Youth Unemployment
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Entrepreneurship: A Solution to European Youth Unemployment

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Keynote speech for the FIRES project: http://www.projectfires.eu/news/fires-conference-utrecht-2016/

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Entrepreneurship: A Solution to European Youth Unemployment

  1. 1. A Solution for European Youth Unemployment Entrepreneurship Dr. Peter Vogel Peter Vogel Strategy Consulting Switzerland Mail info@petervogel.org Twitter: @pevogel Web www.petervogel.org
  2. 2. EU28 Youth Unemployment 3© Dr. Peter VogelOctober 14th, 2016 YouthUnemploymentRate
  3. 3. Youth-to-Adult Unemployment Ratio 4© Dr. Peter VogelOctober 14th, 2016 Data: OECD, 2015
  4. 4. 5© Dr. Peter VogelOctober 14th, 2016 Some more facts  Most statistics ignore the NEETs (neither in employment, education or training)  In the US, 15% of youths are NEETs  In the EU, the NEET rate increased by 2% over crisis up to 17% in 2013, with Greece’s NEET rate at 30% ILO: “The youth unemployment rate (12.6% in 2013) would be a full percentage point higher if it included the NEETs” e 10 million unemployed youths Snapshot Latin America (total youth: 106 million) million youth that neither work nor study million youth work in informality Youth (15-24) Unemployment Indicators 1.2 billion youth worldwide = 17% of total population 75 million are unemployed = 40% of total unemployed Data Sources: ILO, OECD, Eurostat, World Population Prospects 30 22
  5. 5. Major (largely ignored) Issue: NEETs 6© Dr. Peter VogelOctober 14th, 2016 Data: Eurostat
  6. 6. Drivers of the Youth Unemployment Crisis 7© Dr. Peter VogelOctober 14th, 2016 Demand Side  Low aggregate demand  Inflexible labor markets / temporary jobs  Informal recruiting inaccessible to youth  False expectations of employers  retirement age keeps older workers Supply Side  Lack of preparedness for work  Lack of adequate skills and experiences  Academic inflation  Characteristics / attitude towards work  Rise of youth population in some regions  False expectations of young people Mismatches  Skills / capabilities mismatch  Over-qualification  Under-qualification  Regional differences (developed vs. developing)  Expectations mismatch 
  7. 7. What if We Don’t Find Adequate Solutions? 8© Dr. Peter VogelOctober 14th, 2016 Individual Consequences  Scarring effect on the person’s human- and social capital  Negative life-long effects on earnings  Negatively influences psychosocial development and overall well-being  Prevents young people from developing adequate work ethics  Difficulty of young people to become independent from parents  Forces young people to accept part-time or temporary employment  Increases chances of subsequent unemployment Societal & Economic Consequences  Waste of economic potential  Threat of an undermined social stability  Brain drain towards countries with better job opportunities  Loss of tax earnings for countries  Increased criminality rate and anti-social behavior, requiring more security It is estimated that joblessness in the United States alone will account for a total of $20 billion in lost earnings over the next ten years Jacobs, 2014
  8. 8. 9© Dr. Peter VogelOctober 14th, 2016 Title & Initiator/Proposer Chapter Title & Initiator/Proposer Chapter 4.0 Schools 5 Labster 5 Aiducation 5 Leadcap 5 Apple Distinguished Educator 5 Leaders of Tomorrow 8 Arab Stabilization Plan 7 LYNX 6 Arabreneur 4 Maker Education Initiative 5 AshokaU Changemaker Campus 5 Makerbot Academy 5 Barclays Apprenticeship Program 6 Manpower Programs 6 Beyond the Classroom 6 Microglobal Age 8 Build Your Own Business Curriculum 5 Mobile Schools 5 Career Integrated Learning Project 5 MoneyThink 5 ccInspire 6 Monkeywrench 5 Cedefop 5 Nearpod 5 Ciett 7 Nestlé needs YOUth 6 CodeNow 5 NFTE 4 Coderise 5 Open University of West Africa 5 Coursera E-Learning Portal 5 Operation HOPE 4 Credit Suisse Apprenticeship System 6 P21 Initiative 5 D.schools 5 Peruvian Action Plan for Youth 7 Dar Blanca Radio 4 Piggybackr 5 DevEd 5 Project H Design 5 Diageo Apprenticeship Program 6 Project Leonhard 4 Die Chance Foundation 6 Quest University 5 DonorsChoose 5 Reverse Mentoring 6 Ecosofft 4 Sanssi Card 7 Education for Employment Foundation 6 School for Startups 4 Edupass 8 ShowMe 5 Elgazala Technopark 4 Skillshare 5 Empact 4 Skoll World Forum: Solutions 8 Emzingo 5 Social Innovation Institute for Educators 5 enke: Make your Mark 8 Social Ventures Australia 5 Enstitute 5 Socionext 8 Enternships 4 Socrative 5 EU Solutions to Youth Unemployment 7 Souq.com 6 Euforia 5 South African ALMPs 7 Experience Institute 5 Spark Inside 8 Fab Labs 5 The Big Issue 4 Flexicurity Model 7 The Entrepreneurs’ Ship 4 Generation Enterprise 4 The Fitzroy Academy 5 Generation Success 6 The Future Project 5 Global Economic Symposium Solutions 8 The Prince’s Trust 7 Google for Education 5 Think Impact 5 GUESSS Project 4 Tradability of Tasks 8 Hackathons 5 Treehouse 6 Hole in the Wall 5 UK “Youth Contract Program” 7 ILO Solutions to Youth Unemployment 7 WEF Solutions 8 INJAZ-UAE 4 Work Inspiration 6 Integration durch Austausch 7 Working for YOUth 6 Job Sharing 6 World of Warcraft in School 5 Jobzippers 5 Worlds of Work (WOW) 6 Jobzippers Speaker Series 4 Young Enterprise Switzerland 4 Junior Achievement 5 ONEM: Self-Employment Scheme 7 Khan Academy 5 Ze-Ze 8 Solutions featured in “Generation Jobless?” Project “YouthUnemployment.Org”  Website featuring a database of solutions for youth unemployment  Community-driven approach with a review system of submitted solutions  Commenting & feedback functionality  Search & filter to find the most relevant solutions
  9. 9. Solutions – Multi-Stakeholder Efforts 10© Dr. Peter VogelOctober 14th, 2016
  10. 10. 11© Dr. Peter VogelOctober 14th, 2016 Tomorrow’s Job Creators
  11. 11. Why Foster Youth Entrepreneurship 12© Dr. Peter VogelOctober 14th, 2016 Entrepreneurship is becoming increasingly accepted as a suitable means and critical alternative for income generation among young people and a mechanism to unleash their economic potential. 3 main (not the only) reasons why to foster youth entrepreneurship. It… • …creates employment opportunities for the founders and their employees. In the case of young people, they are more likely to hire other young people (homophily principle). • …helps develop new skills & professional experience that, in turn, can enhance general employability. • …revitalizes local communities through new products and services and keeps otherwise young and idle people occupied, which is always better than not having anything to do.
  12. 12. Evidence for Impact of Entrepreneurship 13© Dr. Peter VogelOctober 14th, 2016 Entrepreneurship is a main driver of economic development, job creation and a country’s competitiveness. Three supporting arguments from research: • The average net employment growth rate in the United States between 1980 and 2005 would have been negative, if not for the jobs created by new ventures. • Jobs created from new ventures are less volatile & sensitive to economic turbulence compared to jobs in the overall economy. • The creation of new firms has an important effect on a nation’s political & societal stability, as it promotes social cohesion by offering the opportunity of self-employment to everyone & allows broad participation in the economy regardless of a person’s background.
  13. 13. Entrepreneurship Ecosystems 14© Dr. Peter VogelOctober 14th, 2016 Source: Vogel, 2013 Let’s work together to build stronger entrepreneurship ecosystems
  14. 14. Thank you for your attention! 15© Dr. Peter VogelOctober 14th, 2016 30% discount for participants! Order the book on www.palgrave.com and use the code PM15THIRTY Dr. Peter Vogel Peter Vogel Strategy Consulting Mail info@petervogel.org Twitter: @pevogel Web www.petervogel.org “The jobs we need to create will come neither from the big corporations nor from government, but they will come mainly from entrepreneurs who represent 66% of job creation within the OECD and 85% within the EU.” Grégoire Sentilhes, co-founder of the G20 Young Entrepreneurs’ Alliance

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