Background – Global Impact of NEET Youth
Impact on Employment
Evidence from the beginning of the COVID 19 crisis demonstrates that young people (15-24) were the group that was most affected by the rise in unemployment between February and March (OECD, 2020). It is noted in the report that COVID 19 pandemic affected the hospitality sector, where young people secured jobs.
Furthermore, the report states, “Low-paid and temporary employment in sectors most severely affected by the crisis (e.g., restaurants, hotels and gig industry) are often held by young people, who are now facing a higher risk of job and income loss”. Consequently, the evidence collated from the report highlights further issues concerning the impact of the COVID 19 pandemic and delineate that in the face of a loss or a drop in income, young people are more likely to fall into poverty, as they have fewer savings to fall back on.
Impact on Education
Regarding the educational provision’s impact, the report identified that not all students could access education consistently. An OECD study across 59 countries demonstrated that although most countries put in place alternative learning opportunities, just about half of the students could access all or most of the curriculum. OECD prediction in terms of costs infers the learning loss that has occurred is likely to take an economic toll on societies in the form of diminished productivity and growth. Estimates show that a lost school year can be considered equivalent to a loss of between 7% and 10% of lifetime income (OECD, 2020).