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Entrepreneurs can create 10 million new youth jobs in the next three years in G20 countries, reducing youth unemployment from 13 percent to 10 percent. Possible? Yes, if they can overcome challenges such as skills shortage and lack of labor market flexibility. Consider that in the last decade young firms have increased jobs every year according to Organization for Economic Cooperation and Development (OECD) data, and 70 percent of entrepreneurs define themselves as social entrepreneurs.
This is the key finding of the Accenture-G20 Young Entrepreneurs’ Alliance study, showing how businesses and governments can collaborate to address youth unemployment.
July 11, 2014
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