Self Employed
• Projects Director with Shropshire Enterprise Partnership.
• Launched 3 Enterprise Hubs in Shropshire• Start Up Britain Champion• Co Founder Young Britain
Fay Easton
UK Youth Unemployment 20134/10 may not work for a decade
THE JOBLESS GENERATION1 million young people unemployed 16-24‘Generational Disaster’ Davos: 2012UK is in the midst of a youth crisisLow demand for young people’s labour
Deloitte 2012Unemployment rate for 16-24 year-olds is
20.5% - more than 1 in 5Nearly 40% of all unemployed people in the UK
are young people
UK - Fastest rise in youth unemployment of any G8 country since the start of the recession
Only Greece and Spain have higher rates of youth unemployment than the UK in the entire OECD.
1 in 4 of the UK unemployed youth have been out for work for more than a year
Youth unemployment is expected to reach 1.2million within 5 years
Long spells of unemployment in youth have the effect of lowering wages & reducing health levels for life
The Industrial Age is over and the UK is losing jobs faster than making them
British educational systems and social culture are far less conducive to entrepreneurship than those of the US and Europe ‘innovation led’ economies
Start Up Generational Gap Under 24’s 1/10 start a business even though rate of intent is 7/10
SELF EMPLOYMENT & EDUCATION
"The education system should not only make students employable but be able to employ themselves and this is not happening".
The Principal
Oakfields Community College Middlesborough
43 young people chasing every job
MAKE YOUR OWN JOB
The Opportunities for GENERATION EAn entrepreneurial generation
YOUTH ENTREPRENEURSHIP
In the UK, incremental increases in self employment are ‘history’
Self-employment is at highest level since records began in 1992 over 1000 people a day are starting their own businesses
“The World of Work is now broken and self employment and starting your own enterprise is the lower risk option – this has never been known at any time in history”
LUKE JOHNSONSerial EntrepreneurChair of Risk Capital PartnersChair Start Up Britain
The DIGITAL AGE will change the world of work irrevocably
“Work will become more of a
tradable commodity rather than
JOB. There will be more
independent contractors and
freelancers. In the US the
percentage of work handled by
independent contractors has grown
from 6% to 27% in 2 decades since
‘digitalisation’ took hold”
FREE AGENTS predicted to become more than half the workforce in the next decade
MAKE YOUR OWN JOB
Young people need ‘Help & Money’
We have both 157 new young businesses started since October 2012
TARGET 25
START UP ZONESHubs+ PEOPLE POWER + finance =
3x PRODUCTIVITY & 98% survival rates
http://youtu.be/1N-cjx1zTtE