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Generation C: for young Asians, coronavirus defines bleak new era of vanishing career prospects
- Up to 15 million youth jobs in the region are expected to disappear in 2020, and even those who find work face the prospect of lower earnings for years to come
- In India, the Philippines, Thailand and elsewhere, the story is much the same – no jobs, no income, no future
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The Covid‑19 pandemic is upending the economic futures of young people across the Asia-Pacific.
As economies across the region plunge into their worst recessions in generations, workers in their 20s and 30s are facing the brunt of lay-offs as workplaces shed employees on a last-in, first-out basis.
The Asian Development Bank and the International Labour Organisation have predicted that up to 15 million youth jobs in the region’s 13 countries will disappear in 2020. Those who can find work face the prospect of lower earnings for years – perhaps even decades – to come. For many, it is the second catastrophic shock in just over a decade, following the 2007-2009 global financial crisis.
Hanging in the balance are the hopes and dreams of a generation, whose experiences of the pandemic will shape the future of the region and the world. Their stories have several common threads: schooling and fledgling careers, then the pandemic and rapidly dwindling prospects.
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