Nowadays, it is significant that more and more professional graduated adults are unemployed over the world. I am of the opinion that this has three major causes:economic factors, highly competitive environment and the advanced technologies.
To begin with, economic development has a huge influence over the job market, since in ahealthy economy there are many active business sectors and a broad range of companies operated on the market. On the other hand, if a country strufggles with an poor economy there is a lowest potential to find a job after graduation, because of deficit of companies and working positions.
Another distributor would be a high competitive environment. Because of increased supply on the job market, competition on one position has dramatically risen. For example, in my country twenty years ago there was only one university with a business faculty, and it was very simple to find a proper job after graduation, even knowledge of English language was an advantage for a job seeker. In contrast, today many universities operate in this field and the standard and requirements of business-related jobs have significantly increased.
Finally, technology may affect the employment rate of graduates. Achievements in modern technology tend to decrease human involvement in many areas of business operation, consequently some positions, previously occupied by humans have been disappearing. For instance, a couple of years ago Finance departments were full of analysts, while now data science provides most of the report forecast and analysis.
There are ,however, certain measures that can be taken to tackle unemployment of qualified graduates. First of all, government should support the economy to increase sector diversity and strengthen each sector with positive changes in the law and taxation; as a result, companies will begin profit and expand their operations. Another solution would be work export. Nowadays many global platform offer a marketplace to freelancers to implement individual projects and task remotely, no matter where live. This would be the best solution for unemployed professionals especially from underdeveloped countries, where the working places are strictly limited.
To sum up, unemployment can be slowed , if the government private sector and individuals will work in a coordinated way.
