Woke millennials of modern-day South Africa. You have probably- sometime during everyday life, while either browsing the net, catching a radio/TV news story or even reading a newspaper- come across reports of the increased costs of attending university. An undergraduate degree averages between R41 000-R53 000 in SA while residence and living costs span between R40 000-R50 000 per annum.
According to a quarterly labour force survey released by Statistics South Africa, there were over 430 000 unemployed people in South Africa. An estimated 58% of them were between the ages of 15 and 34 years old. Stats SA said that the unemployment rate still remained at a high 7,3% for graduates out of the 433 000 people. That number has since risen to 27.6% in the first quarter of 2019.”
The dawn of The Fourth Industrial Revolution is upon us. Technology, the internet and Artificial Intelligence make it more possible for us to self-educate on industries we want to enter. However the risk of us losing our jobs to machines is increased as companies get to reduce spend by using machines to do certain jobs.
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