SOCB54H3 Lecture Notes - Lecture 3: Precarious Work, Credentialism And Educational Inflation, Underemployment
Document Summary
Lecture 03 - young people and work in canada. Young workers (15-24 yr olds) had been badly affected by a series of recessions that began in the early 1970s. Why: downsizing in both public and private sectors- no new jobs seniority principles (last hired, first fired) High rates of young unemployment: currently july 2016. 13. 3% - things even worse in europe. Earnings: growing wage gap between younger and older workers. Large amounts of part-time working by young people. Underemployment: situation where people are essentially overqualified for the job that they have: many people who are working in fast food with degrees are overqualified for the job. By acquiring more education (university degree increasingly become a key pre-requisite for good jobs. 20 of 30 years ago, ba in arts will get in your foot in the door for positions in public or private.
