Promises of job creation have always been a staple in political campaigns. When the Awami League came to power in 2009, it promised employment for every household. We all know how that turned out. Lofty promises are hard to keep when competing priorities emerge and bureaucracy gets in the way. But there's no denying the importance of sustained efforts—emphasis on "sustained"—to effectively utilize the youth workforce. Unfortunately, the recently proposed budget is disappointing in this regard. Not only does it fail to address the current job crisis, but it also shows no intention of tackling known employment barriers like corruption; if anything, it seems to encourage it. For example, the budget allows the whitening of black money.
Corruption, as we know, hampers economic growth and deters investment, thereby limiting job opportunities. In Bangladesh, widespread corruption and lack of targeted measures have resulted in alarming levels of unemployment, particularly among educated youth. Many are forced to take low-paying jobs despite being overqualified, and others seek employment abroad through illegal and risky channels due to the lack of opportunities at home. Businesses and entrepreneurs face numerous systemic hurdles, and many public sector positions remain unfilled. The budget, which should outline the nation's financial future, misses the mark on these critical job market issues. It also fails to allocate sufficient funds for education and health, sectors crucial for developing human resources.
This stagnant job market and the uncertainties it brings are a heavy burden on young undergraduates. A recent survey by the Aachol Foundation, reported by Prothom Alo, highlights the mental health struggles of university students, with 55 percent expressing anxiety about their future careers. The intense pressure to succeed, along with bullying, harassment, and dissatisfaction with educational standards, has led to significant mental health issues, including depression and suicidal thoughts. This situation reflects the growing disconnect between education and employment sectors, pushing many students to consider careers overseas.
Moreover, a staggering 62 percent of women are not in employment, education, or training. This is a concerning statistic for the country's future. It's clear that we're lacking an enabling environment to nurture and utilize young talents. We urge the authorities to treat unemployment as a national emergency. Comprehensive strategies are needed to stimulate job creation, curb corruption, and support both undergraduates and graduates, as well as other job seekers. Our future and well-being depend on it.
