Over 4 Million Gen Zers Are Jobless

Fortune reports that over 4 million Gen Zers are currently not in education, employment, or training (NEET), with experts blaming a broken educational system and 'worthless degrees' for failing to deliver on promises of career readiness. From the report: While some Gen Zers may fall into this category because they are taking care of a family member, many have become frozen out of the increasingly tough job market where white-collar jobs are becoming seemingly out of reach. In the U.S., this translates to an estimated over 4.3 million young people not in school or work. Across the pond in the U.K., the situation is also only getting worse, with the number of NEET young people rising by over 100,000 in the last year alone.

A British podcaster went so far as to call the situation a 'catastrophe' -- and cast a broad-stroke blame on the education system. 'In many cases, young people have been sent off to universities for worthless degrees which have produced nothing for them at all,' the political commentator, journalist and author, Peter Hitchens slammed colleges last week. 'And they would be much better off if they apprenticed to plumbers or electricians, they would be able to look forward to a much more abundant and satisfying life.' With millions of Gen Zers waking up each day feeling left behind, there needs to be a 'wake-up call' that includes educational and workplace partners stepping up, Jeff Bulanda, vice president at Jobs for the Future, tells Fortune.

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