Measures To Relieve Unemployment In Estonia

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Measures to relive unemployment in Estonia Liisi Org, Katrin Karri EP1

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A series of demographic, technological and economic transformations are reshaping labour markets on a global basis. From the entry of billions of new skilled individuals into the global workforce to the acceleration of artificial intelligence and automation, these transformations have been tough on mature economies and especially young people. At the same time, the dynamics of job creation have changed in a profound way. Large multinational companies and government are important employers, but they are not the primary engines of new job creation. The primary job creators are entrepreneurial firms on a growth trajectory – which are responsible for at least 80% of new jobs. We’ve seen a significant rise in self-employment, freelancing and entrepreneurship and thankfully there are powerful new tools to help entrepreneurs be successful. Entrepreneurship alone, however, is not a complete solution. There is a significant segment of the population of young people that do not have the skills, nor the tools required to succeed in a more entrepreneurial economy. We need new approaches to skills training and new networks to support entrepreneurial activity. The first priority is to build networks that can bring the right combination of skills and resources together to solve some of underlying challenges associated with youth unemployment. We need a less fragmented and collaborative approach, one that draws on the strengths of each sector – one where resources are shared and where various actors from across disciplines and sectors contribute complementary assets, perspectives and skills.

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