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Dominic Barton is one of the judges on our HJI-Reed competition to solve youth unemployment, giving away £10,000 to the winner.
The problem of jobless youth is one of the most important facing society today.
It is not that there are no jobs out there; rather that the available openings require skills that young people simply don't have.
Business today is struggling to define the role it should play in addressing the challenge – where are the critical gaps in formal education and what can business do to address them?
Education providers are similarly struggling to bridge these gaps.
They may feel confused and even have a sense of deep loneliness.
Relationships, school and finding employment are the latest challenges young adults face with today.
Further, labour’s overall share of available wealth, or the share of national income that goes to worker compensation, has fallen; and income inequality is growing as lower-skill workers — including 75 million young people — experience unemployment, underemployment, and stagnating wages This dangerous mismatch between the needs of employers and of job-seeking youngsters is not only resulting in high youth unemployment but arresting economic development.
Later this month Mc Kinsey will release a 9-country survey that examines the problem in detail and proposes a number of steps-some practical, some radical- that educators, employers, government, and young people can take.
That's why the Telegraph Media Group has teamed up with the Henry Jackson Initiative and Sir Alex Reed to launch a national essay prize on how to solve youth unemployment, with the winner receiving £10,000.
Describe how the world of work is changing and what this means for today's school leavers The world of work is currently out of sync with the world of education.