So, it’s not exactly groundbreaking to say that in order to become a successful adult, getting a job is probably going to be one of the steps one must complete, right?
While this might be true, the job market tends to be a bit more complicated than that, and one must try to mix and match between the requirements of the hiring fields, the things you love to do, and an actual chance to make some money.
With this being said, the results today for the city of Buenos Aires seem to be underwhelming. Nowadays, 9.4 percent of the city’s inhabitants are unemployed. Even worse: If one looks at it from an age perspective, one finds that among young people, the number is even higher, reaching 15.8 percent of unemployment, and higher still when looking at the southern area of the city, reaching 24.9 percent.
As youth unemployment soars, it’s becoming more clear that their unemployment is not due to a lack of jobs, but rather, an inadequate preparation for the evolving job market. For example, at last year’s youth job fair, one could count 11,000 vacant positions (that’s to say, 11,000 possibilities of being hired for anyone looking for a job) among all participating companies. With over 175,000 participants, the odds were looking pretty good – however, only 3,150 of these opportunities turned into actual jobs: a mere 27 percent.
According to a report by the City Government, the most common degrees for students today are business administration, law, and accounting. However, these aren’t the industries that are hiring the most. Instead, logistics, language, gastronomy, tech, and health have the highest levels of demand in the job market. In connection with this, gastronomy, language, nursing, transportation, and programming are the least commonly studied topics.
Due to this clear mismatch of supply and demand – the high level of demand for certain skills and high level of supply for others – way too many youths in Buenos Aires are unemployed. To combat this, the city government will launch the Vínculo de Impacto Social (Social Impact Linking, or VIS for short) later this year.
The program will aim to provide job training and personal development programs for at-risk youth, trying to both tackle unemployments and meet the increasing labor demand in certain industries. VIS is aimed at 17 to 24 year-olds, and it will first come into action in regards to those who live in south side of the city around the middle of this year.
The program will serve districts 4, 7, 8, 9 and 10 of Buenos Aires, where it is estimated that of the 217,072 young people who live there, 99,000 (46 percent) are considered ‘vulnerable.’ VIS is based off existing programs in the US, Australia, Belgium, and Germany, among others.