Researchers looked at 2004-05 NSS data and 2017-18 labour force survey to find men in 20-29 age group in states like Bihar and Jharkhand either take an informal job or remain unemployed.
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.”..gujarat, where unemployment was low and a vast majority was in the job market, 62 per cent young men held informal jobs.”
Self-employment in informal sector will help young people gain street smart practical business skills. No wonder Gujaratis are more skilled at starting new businesses than young people from other states.
Skills are more important than college degrees.
Having access to resources, networking and social skills are also factors to get lucky in getting a job or starting a business.
A very sensible interpretation and conclusion. However, we need to see the limitation of the data sets of 2017-18 which include more share of urban households when compared with 2004-05 survey sample households. These two are not strictly comparable. The interpretation could have brought more insights in 2011-12 database is also used in the analysis.
There is no work it is as simple as that.
And our education system is so horrible, that higher degrees are not worth it. Companies have to retrain them.
.”..gujarat, where unemployment was low and a vast majority was in the job market, 62 per cent young men held informal jobs.”
Self-employment in informal sector will help young people gain street smart practical business skills. No wonder Gujaratis are more skilled at starting new businesses than young people from other states.
Skills are more important than college degrees.
Having access to resources, networking and social skills are also factors to get lucky in getting a job or starting a business.
A very sensible interpretation and conclusion. However, we need to see the limitation of the data sets of 2017-18 which include more share of urban households when compared with 2004-05 survey sample households. These two are not strictly comparable. The interpretation could have brought more insights in 2011-12 database is also used in the analysis.
There is no work it is as simple as that.
And our education system is so horrible, that higher degrees are not worth it. Companies have to retrain them.