Higher Education and Unemployment
Recent reports from the International Labor Organization (ILO) shows that individuals with post-secondary education are more likely to be unemployed in lower-income countries. This seems rather shocking because a person’s level of education normally determines his or her employment status. Additionally, the report argues that access to higher education does not guarantee employment in lower-income countries. One of the important aspects of developing a country and its economy is job creation. The fact that individuals with high education levels are likely to remain unemployed after graduating illustrates there is not enough jobs being created in lower-income countries.
This has left such countries very poor, hence their lower-income status. I find it difficult to comprehend that tertiary graduates in low-and lower-middle-income economies are more likely to be unemployed than workers with lower education levels. Perhaps, this is what Rosina Gammarano, a member of the Department of Statics of the ILO, refers to as a mismatch between skilled persons and the number of available jobs matching their competencies and expectations. Read more here