JAKARTA: COVID-19 continues to slow down Indonesia’s economy, and this may have severe impacts on recent graduates entering the job market for the first time.
She says the pandemic will worsen the labour market for Indonesia’s young candidates in three ways: Higher barriers of entry into the job market, long lasting lower income levels and worsening labour conditions.Low levels of education in the country’s workforce, inadequate vocational training programs and an increasing skills deficit due to digital advancements are often seen as contributing factors to high unemployment figures before the pandemic.
Tifani, on the other hand, says Indonesia’s relatively “rigid” labour market also makes companies’ hiring practices during the recession even more rigorous. A 2012 joint study by researchers from the University of Toronto and Columbia University found graduating and job-seeking during a recession results in lower income levels that persist for at least 10 years before catching up with their peers.
Around 50 per cent of Indonesia’s young workforce already work in informal jobs, with the number projected to increase due to the pandemic.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »