Impressive as our growth numbers are, we cannot remain singularly focused on GDP
According to numbers released by the Bangladesh Institute of Development Studies, around 33.19% of the country’s educated youth are unemployed.
This should come as a much-needed reminder of the gap that exists between our education system and the current job market.
Every year, more and more young people enter the job market, be it after they have completed their schooling or university, and a significant portion of them struggle to find jobs, with 18.05% of them remaining unemployed for at least two years.
What progress can we truly claim when almost one-third of the youth are sitting at home idle, desperate for employment but unable to use their skills, and yet finding themselves unable to provide for themselves or their families?
And therein lies the rub. Year on year, we have managed to produce millions of graduates, but have failed to not only create the number of jobs required to meet market demand, but we have also failed to provide the skills necessary in a rapidly changing world.
The education sector continues to receive a smaller portion of the budget pie each year, and it is no surprise that is has failed to live up to a high standard.
Public education lies in a broken state, with severe need of updating of the curriculum to reflect the world of today, and the skills that are needed for the workplace.
Impressive as our growth numbers are, we cannot remain singularly focused on GDP; it is imperative that we foster the rights skills in our institutions, create more jobs, and put our young men and women to work.