Unemployment is one of the oldest, key challenges faced by Pakistan today. It has been picking off our young graduates faster than one could say the word ‘Job.’ While Pakistan faces a unique set of challenges, it seems that lack of employment is at the heart of them all. This prevalent job crisis is responsible for killing the dreams of many new professionals.
Our whole approach towards the job crisis is just wrong. The people feel like it’s the government’s fault that they are jobless and nothing is being done to address it. The various governments have been trying to solve the issue, but the whole approach is just plainly faulty.
Half of the people who are unable to score a job think that a higher education will solve their predicament. Let me blow your bubble, it won’t. Higher education will not guarantee jobs, it is just one of the many outdated perceptions we have. This mindset has allowed money hungry educational institutions to flourish, while flooding the market with hordes of degrees. While you can ‘MCQ’ your way into obtaining a degree, what are you actually learning?
Half of the graduates, have no interest in the fields they study and have just basically chosen them, because a Google search told them it will result in a high paying job. There is no counseling regarding what career is best for one particular individual. Is it really a surprise that most people have no sense of direction?
The lack of jobs forces people to accept low paying, substandard jobs, because a low paying job is better than no job, right? The cheapest possible candidate is hired by businesses that prey on employees for a slightly larger profit. Overqualified slaves are just far more profitable for businesses than a fair employment.
Why can’t we just subsidize employment like they have done in Europe and the US. A simple tax credit system, where upon recruiting new graduates will grant the business a percentage of tax exemption based on how many people they hire. This would be a better alternative, to the government directly trying to create jobs which incurs a heavy cost, and is causing us to drown in debt.
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17 November, 2019