46% of professionals in Mexico are unemployed or underemployed

27/01/2020

A study by the Organization for Economic Cooperation and Development (OECD) revealed that 46 percent of Mexicans with a university education are underemployed and work in jobs that have nothing to do with their career.

Companies in Mexico have not been able to create enough jobs for university students.
Companies in Mexico have not been able to create enough jobs for university students.

According to the report 'Higher Education, Results and Relevance to the Labor Market in Mexico', prepared by the OECD, this situation has increased, since in 2010 the percentage of graduates who did not practice was 44 percent.

According to Miguel Calderon Chellus, director of the Wage Observatory of the Universidad Iberoamericana, companies in Mexico have not been able to create enough jobs for university students, and where there are, most pay very low wages, even if they have a career, so a good part of young people choose to self-employ, work in the service sector or in the informal sector.

The National Institute of Statistics and Geography (Inegi) counted 15 million 90 thousand professionals in the country in the third quarter of 2019, of which 11 million 789 thousand have a job, and of these, 5 million 422 thousand work but do not exercise their profession, that is, 54 percent are in the ranks of the unemployed or do not have a job.

Calderon Chellas stressed that the graduates face economic pressures, and faced with the concern, they choose to work in a different area than the one they studied.

The Labor Department revealed that 38 percent of the professionals who have a career earn an average of 6,000 pesos per month.

The OECD reports that between 2010 and 2018, the proportion of young graduates who were self-employed or ran a business that employed others, increased from 12.7 to 13.8 percent, the organization concluded that this has to do with the lack of job opportunities facing young people in the country.

By Mexicanist