In the long run, “Generation Z” (referring to young people born after 1990) are the future masters of the world, but for now they have to go through some trials and tribulations! Foreign media reported that the young employment group “Generation Z” has been greatly frightened by the epidemic, especially the unemployment rate of 15 to 24 years old has risen sharply. In the “big seven industrial countries” (G7) such as economically developed countries, the unemployment situation of young people is serious, as of the first half of this year, more than 6.4 million people unemployed.
Some media interviewed young people of “Generation Z” in 10 countries, pointing out that these generations, who were originally focused on university and even attending concerts, have seen their lives change dramatically due to the epidemic, and the world seems to have turned upside down. Forced to live with their parents, many of these young people have gone from being students, athletes and workers to caring for sick relatives, doing everything they can to earn money to support their families, and some have even become mothers.
The employment situation is even worse! According to OECD data, young people in the G7 have dropped from 11.2% of all employed people at the end of 2019 to 10% at the end of June this year, with up to 6.4 million people unemployed in the first half of the year. g7 members are the US, Canada, UK, France, Germany, Italy and Japan. In the U.S., for example, although the unemployment rate has fallen to 6.75 from a post-World War II high of 14.7 percent in April, it remains in double digits for people in their 20s.
A study by the Centre for Economic Policy Research in London found that for 18- to 20-year-olds, even one month of unemployment affects 2 percent of their lifetime income, calling on the government to address the problem.
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