Measures to Increase Young Adult Jobs
It is time to employ temporary stimulus to respond to changes in demographics and at the same time to pursue restructuring across industries, education and job markets to achieve sustainability. Framework Short-term measures focus on creating 180,000-220,000 jobs additionally until 2021, during which eco-boomers will newly enter the job market, with a young adult unemployment target of around 8 percent by 2021. The measures will include incentives to increase private sector jobs and temporary fiscal support. The four areas of the framework are: -Help increase the income of young SME employees -Promote startups -Provide new opportunities: Promote new industries, such as the sharing economy and remote healthcare, as well as help find jobs overseas -Strengthen job training: Launch job training programs for young adults in their mandatory military service, and promote work-study programs Long-term measures focus on pursuing growth through innovation, improving regulations and education, and increasing labor market flexibility. * For further details, please refer to the attached file
Mar 2018