How Education Effects Employment and Economic Development

Education has a substantial impact on employment prospects and countries depend upon a stable supply of well-educated workers to promote economic development.  People with higher levels of education who can read, calculate and think critically are presented with better job prospects and economic opportunities. The difference is particularly seen between those who have attained higher secondary level education and those who have not but today too many students across the developing world are missing out on gaining higher secondary level education which creates employment opportunities.

On 16th April 2014, Office for National Statistics (ONS) stated that the number of people out of work in the UK has fallen by 77,000 to a five year low of 2.24m. The jobless figure for the 16 to 24 year olds fell by 38,000 in the three months to February to 881,000, the lowest for five years. Although the UK is ‘back on the path to prosperity’ with the younger generation in work, in developing countries the younger generation with little or no education face difficult paths and see no job opportunities.

According to UNESCO, in Pakistan of all the primary aged (5-9 years) children, 63% are enrolled in primary school with the total number of out of school children at primary level being 8.3 million all over Pakistan.
 Source: UNESCO

With the exception of Punjab and ICT, the transition rate between primary and a lower secondary level of education is less than 80% which is alarming. A significant proportion of school going age population is excluded from the system at a very early stage of lower secondary level. The problem persists in the transition rate between lower secondary and upper secondary levels.

With a higher number of school going age population getting out of the system before gaining upper secondary level of education (age 16-17), the job opportunities they are presented with in their life are ones which generally involve hard labour work with very little reward in wages. This is all due to not completing a high level of education which has a knock on effect on a countries economic development and stability. Higher education plays a key role towards a brighter future for individuals and a strong stable economy.

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