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