Young Workers Index 2016
Empowering a new generation: how government and businesses can unlock a $ 1 trillion prize
Every person is born with potential: the key is unlocking that potential. So, how can we provide opportunities that empower young people to take ownership over their own future outcomes?
In our new Young Workers Index we discuss how governments and businesses can reap the rewards from playing their part in making this happen.
Key findings
Our research shows how well each of the OECD countries are developing the economic potential of youth and how this has changed over time. We also estimate the potential economic gain from getting young people into employment, education or training. Here are five key findings you need to know:
- Switzerland continues to top the table, closely followed by Germany and Austria. The Nordic countries also perform strongly but Southern European countries like Spain, Greece and Italy fare less well
- The total economic gain across the OECD could be over $1 trillion from improving performance of younger workers in the long-term
- The UK fell 1 place in the rankings between 2006 and 2014, from 21st place to 22nd but more recently recovered to its original position in 2015.
- If the UK could lower NEET rates to German levels, GDP could be around 2.3% higher in the long run, equivalent to around £45 billion at today's values
- Governments could learn from other countries such as Germany, who have engaged employers in order to introduce 'dual education systems' and focus on social inclusion in their youth policy
Contact us
Follow us
