Too many graduates, too few jobs: So we started our own businesses

At WorkMeranda Peart, from the University of Southampton’s Wessex Scene, talks to entrepreneurial young people who have got around the lack of jobs for young people by starting their own businesses:

What with the alarming statistics of unemployment, notably the shockingly high youth unemployment, in the wake of the financial crash we seem to have found ourselves in a time of pessimism about finding future employment.

Now factor in the high numbers of teenagers choosing to attend university thus flooding the market with others just as qualified as we are. All this adds stress and strain to the aspirations of many young people. Further still, if you aren’t feeling the pressure to “do something with your life” from your parents, you are sure to find that anxiety from the biographies of many young, rich and famous people of the music and film scene.

The bar has gotten higher. What once marked the achievement of older, mature, highly qualified professionals, now being a multi-millionaire has become commonplace in Hollywood and pop circles. Twenty-something year olds, with standard qualifications are becoming magnates, businessmen and women, and influential characters with a buying power that way exceeds that of our parents.

Whether the media has exaggerated or augmented the truth about the current job situation amongst our demographic is debatable; but there is definitely an unrecognisable or invisible force which has driven many young people to take matters into their own hands, harnessing their potential and talents into something profitable.

I turned to two twenty-year-olds, Bruno Crosier and Etienne Eduard, partners in a clothing company Vincentius Apparel, along with nineteen year old CEO Ross O’Donoghue of the music production and multimedia company R&R Productions to get more perspective on the issue…

Full story here.

About the author

Editor. Matt is a second-year Philosophy student at the University of Birmingham. He is also a multimedia editor for Redbrick.