Youth unemployment and entrepreneurship

Youth unemployment is a pressing issue in Bangladesh today. Due to the lack of proper systems, job skills, and guidance, many young people are falling behind in various job sectors. Factors such as early marriage, limited access to training, economic inequality, gender discrimination, educational deficiencies, lack of experience, and the mismatch between the number of jobs available and the demand for employment also contribute to the problem.

As Bangladesh is a densely populated country with a high population growth rate, many young people struggle to find jobs. Every year, a significant number of graduates enter the job market, intensifying competition. Despite economic growth, the job market remains insufficient to meet the demand, leaving many young people unable to find suitable positions that match their skills.

As a result, an increasing number of young people are turning to entrepreneurship, using it as a platform to showcase their creativity, adaptability, and financial potential. By promoting self-sufficiency, enhancing productivity, and generating new employment opportunities, entrepreneurship strengthens both the business community and the economy.

Addressing youth unemployment and encouraging entrepreneurship in Bangladesh require a comprehensive strategy. Promoting social entrepreneurship can enable young people to tackle local issues while creating both economic and social value. Another key issue is the disconnect between education and market demands, which can be addressed through vocational training in high-demand sectors such as digital marketing, healthcare and IT. Furthermore, providing financial support through grants, low-interest loans, and entrepreneurship courses can empower young people to launch successful businesses.

Noshin Tasnim Rahman

Undergrad Student

North South University

noshin.rahman@northsouth.edu