Youth and the Labour Market in Lithuania: Current Challenges and Trends
In Lithuania, the youth face significant challenges in the labour market, including brain drain, decreasing birth rates, and emigration. Despite decreasing unemployment, issues like low salaries and working conditions persist. The market is dynamic, with young people showing adaptability and a growing trend towards entrepreneurship, particularly in IT startups. Explore the main facts, agenda, and tendencies shaping the contemporary situation for young people in Lithuania.
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Presentation Transcript
Youth and the Labour Market in Lithuania By Vaiva Sapetkait Warsaw/2017-02-14
Agenda Main facts about the contemporary situation in Lithuania Tendencies Role of education
Main facts In Lithuania live more than 600 000 young people (14-29) Due to big emigration, in a recent decade we lost about 20% of our young generation. This age group makes around a half of all emigrants from Lithuania Additional pressure for education system and labour market is created by a decreasing birth rate
Brain Drain A big problem without any real solution 1 in 14 Lithuanian students are studying abroad (about 12 000) The worst predictions: the number of graduates will fall by 40% by 2023 compared to 2009 if nothing is done The best young specialists are tempted by better salaries and bigger career opportunities abroad
Unemployment is decreasing When workforce supply is smaller, it is easier for young people to find a job In the beginning of 2016 there were registered about 28500 young (16-29) unemployed people Data of Lithuanian Labour Exchange shows that unemployment of young people is decreasing
More pressing questions are salaries and working conditions.
Tendencies I Labour market is very dynamic. Young people are not very loyal to their work places Many of them change their jobs (or even fields) quite often or have more than one job A lot of young people are very adaptable to new requirements of the market and changes
Tendencies II Entrepreneurship is growing. In recent years much more of young people established different kind of startups (especially, related with IT) and created new work places In Lithuania it is easy to establish new business, but work force is taxed quite heavily. A part of youth works in the shadow
Tendencies III Many students have a job while studying After finishing university or college many graduates do not work in a field of their study
Thank you for your attention! Questions?
