The federal election has now been called for May 18, and we want to make sure young people are a focus for all candidates.
Earlier this year, the Foundation for Young Australians (FYA) revealed that Governments across Australia are investing $91 billion annually in education and training, yet almost 1 in 3 young Australians are unemployed or underemployed.
This high rate of youth unemployment is a lost opportunity for the Australian economy of more than $4.5 billion each year, making it a national economic crisis that affects us all. Additionally, our ageing population means older Australians are leaving the workforce in larger numbers than young people can replace them. There is no better time for redress than the federal election.
This election, many marginal seats will come down to just a few hundred votes. In Cowan in Western Australia, a seat held by 0.7%, the youth employment rate has increased by 12% since 2006. In Herbert in Queensland, held by a mere .02%, $45 million is lost annually as a result of youth unemployment. In Corangamite in Victoria, 6,000 young people will need significant reskilling by 2030 to remain relevant and active members of the workforce.
Across all electorates, FYA is calling on all sitting members and candidates to demonstrate how they are planning to address this urgent issue. We need an action plan about how to re-conceptualise our approach to the future of work, and with it, how we support young people to develop skills for the future.
Our Future Skills Framework 2030 outlines how Australian governments can work with young people, industry, educational institutions and leading thinkers across the country to move from talk to action.
Your vote can make a difference. Ask your pollie what they’ll do to support young people to get to work, and demand action on this issue so that young people can thrive now and into the future.
Find out more about FYA’s Future Skills Framework 2030, and see what we’re doing to ensure no young person is left behind.