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Degrees Without Dividends: Top Countries Where Overqualified Youth Struggle in Low-Paying Jobs

Degrees Without Dividends: Top Countries Where Overqualified Youth Struggle in Low-Paying Jobs

The issue of overqualified youth engaged in low-paying jobs is a global concern, affecting both developed and developing nations.

Here are some countries where this phenomenon is particularly pronounced:

1. China

China’s youth unemployment rate has been alarmingly high, reaching a peak of 21.3% in June 2023. Many young graduates are compelled to accept low-paying jobs or rely on their parents’ support. The oversupply of graduates compared to workforce demand exacerbates this issue.

2. United States

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In the U.S., a significant number of young workers are employed in low-wage industries such as retail, food services, and hospitality. Between 2000 and 2014, the share of young workers in these sectors increased by 4 percentage points.

3. Spain

The economic crisis in Spain has led to increasing numbers of young people prolonging their education due to a lack of job prospects. Despite higher education, many find themselves unemployed or in jobs that do not match their qualifications.

4. United Kingdom

A recent OECD study indicates that workers in England are among the most overqualified in advanced economies. Over a third of English employees aged 25 and older possess higher education levels than required for their current jobs, highlighting the challenge of creating sufficient graduate-level job opportunities.
Financial Times

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5. Italy

Italy faces challenges with youth employment, where many young people are employed in low-skilled and poorly-paid jobs, often on precarious contracts. This situation leads to underemployment and a mismatch between qualifications and job roles.

6. Ireland

Research indicates that 33% of young people in Ireland are overqualified for their jobs, leading to a significant portion of the workforce not fully utilizing their skills and education.

7. South Africa

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South Africa’s youth face high unemployment rates, with many young people struggling to find jobs that match their qualifications, leading to underemployment and engagement in low-paying jobs.

8. Greece

Greece has experienced significant economic challenges, leading to high youth unemployment rates. Many young graduates are unable to find jobs that match their qualifications, resulting in underemployment.

9. Nigeria

Nigeria’s education system produces a large number of graduates annually, but the economy lacks the capacity to absorb them into well-paying, formal jobs. Youth underemployment is widespread, with many resorting to small-scale entrepreneurship or menial labor to survive.

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10. Brazil

Brazil’s economy has struggled with slow growth and inflation, leading to a shortage of high-paying jobs for the country’s educated youth. Many graduates end up working in informal jobs or sectors that do not require advanced qualifications.

These examples highlight the global nature of the issue, where highly educated young individuals are unable to find employment that matches their qualifications, leading to underemployment and engagement in low-paying jobs.

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