South Africa is experiencing what demographers call a “youth bulge” which occurs when young people make up a disproportionately large percentage of the population.
One key challenge facing societies experiencing a youth bulge large is what happens when young people become of working age, and there are too few jobs.
In South Africa and in many countries with similar demographics, unemployment rates among young people is orders of magnitudes greater than the overall unemployment rate. As my guest today Nicola Galombik explains, when large numbers of young people are unemployed the knock-on effects for society in general can be extremely negative.
Nicola Galombik has embarked on a strategy to reduce youth unemployment in her native South Africa. She is the co-founder of the Harambee Youth Employment Accelerator, a social enterprise that is not only helping to find young people jobs at scale, but is changing mindsets around employing young people.
Youth unemployment is a key driver of instability in many countries around the world, and as you will see from this conversation the Harambee Youth Employment Accelerator has found a formula to take on what is essentially a demographic challenge.