1 million young

Report
Fay Easton
Self Employed
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•
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Projects Director with Shropshire Enterprise Partnership.
Launched 3 Enterprise Hubs in Shropshire
Start Up Britain Champion
Co Founder Young Britain
UK Youth
Unemployment
2013
4/10 may not work
for a decade
THE JOBLESS GENERATION
 1 million young people unemployed 16-24
 ‘Generational Disaster’ Davos: 2012
 UK is in the midst of a youth crisis
 Low demand for young people’s labour
Deloitte 2012
 Unemployment rate for 16-24 year-olds is
20.5% - more than 1 in 5
 Nearly 40% of all unemployed people in the UK
are young people
 UK - Fastest rise in youth unemployment of any G8
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country since the start of the recession
Only Greece and Spain have higher rates of youth
unemployment than the UK in the entire OECD.
1 in 4 of the UK unemployed youth have been out for
work for more than a year
Youth unemployment is expected to reach 1.2million
within 5 years
Long spells of unemployment in youth have the effect
of lowering wages & reducing health levels for life
 The Industrial Age is over and the UK is losing
jobs faster than making them
 British educational systems and social culture are
far less conducive to entrepreneurship than
those of the US and Europe ‘innovation led’
economies
 Start Up Generational Gap Under 24’s 1/10 start
a business even though rate of intent is 7/10
SELF EMPLOYMENT &
EDUCATION
"The education system should not only make
students employable but be able to employ
themselves and this is not happening".
The Principal
Oakfields Community College Middlesborough
43 young people
chasing every job
MAKE YOUR
OWN JOB
YOUTH ENTREPRENEURSHIP
The Opportunities for
GENERATION E
An entrepreneurial
generation
In the UK, incremental increases in self
employment are ‘history’
Self-employment is at highest level since records began in
1992 over 1000 people a day are starting their own businesses
“The
World of Work is now broken and self
employment and starting your own enterprise is
the lower risk option – this has never been known
at any time in history”
LUKE JOHNSON
Serial Entrepreneur
Chair of Risk Capital Partners
Chair Start Up Britain
The DIGITAL AGE will
change the world of work
irrevocably
“Work will become more of a tradable commodity rather
than JOB. There will be more independent contractors
and freelancers. In the US the percentage of work
handled by independent contractors has grown from 6%
to 27% in 2 decades since ‘digitalisation’ took hold”
FREE AGENTS predicted to become
more than half the workforce in the
next decade
MAKE YOUR OWN JOB
Young people need ‘Help &
Money’
We have both 157 new young
businesses started since
October 2012
TARGET 25
START UP ZONES
Hubs+ PEOPLE POWER + finance =
3x PRODUCTIVITY & 98% survival rates
http://youtu.be/1N-cjx1zTtE

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