Effects of Youth Unemployment in Malawi
Unemployment is a significant life event that has a devastating impact on people’s lives, affecting the unemployed person, family members, and the community. Unemployment has a long-lasting impact which is far-reaching, affecting lives up to retirement. It has an impact even on the next generation prospects. Loss of valuable productive resources to any country’s economy is also another impact of unemployment. Unemployment effects extend beyond individuals, families, communities, and neighborhoods. Scarcity and unemployment go hand in hand, and the characteristics of poor neighborhoods amplify the impact of unemployment. Local communities are damaged because people leave in search of work. This paper recommends improving policies and programs design for youth empowerment initiatives to accommodate essential issues.