Abstract

This article analyzes the global trends of youth employment in the world. Analyzing recent foreign and domestic studies on the topic of this work, it was concluded that, despite the fact that there are quite a lot of studies on innovations and technologies that are aimed at changing, improving and modernizing the working space, however, the problem is not developed at all in the context of collaboration with young people. The paper also notes that, in general, more research is being conducted on this topic in low-and middle-income countries. It was also found that the impact of technological advances on the labor market varies by age group and by gender, for example, in many countries, women work in more automated jobs, respectively, in such countries, women are more exposed to potential future reduction, dismissal and, as a result, poverty. The author also came to the conclusion that higher education provides access to less automated jobs, while vocational training, on the contrary, is associated with more automated jobs. As a measure to improve the problem of youth employment, the author proposed to modernize and adapt vocational education and training programs so that young people can better meet the needs of the digital economy. Governments, workers, employers and educational institutions need to join forces to create and finance an effective “ecosystem” of continuing education and strengthen public employment services. Thus, while the development of innovation on the one hand provokes an increase in unemployment and poverty, on the other hand, countries with economies where innovation flourishes can overcome these problems and reinvent themselves by creating new jobs.

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