Increasing Employment in Developing Nations During The Digital Age

As of 2022, the world population stands at a staggering 7.9 million and grows at a rate of 0.1% every year. Although the growth rate is and has been in decline for several years, Unemployment still poses a large handicap for overpopulated and developing nations as it prevents a country from utilizing human resources.

With the world population growing rapidly, an estimate of 600 million jobs would need to be created in the next 15 years.  In developing nations, job creation is vital to curb poverty, improve people's standard of living and sustain development. 

In developed nations, being employed is associated with people who are generating an income and are economically active. On the other hand, developing nations typically represent a small portion of economically active citizens. At the same time, the majority belong to the informal sector and are heavily underpaid and hold jobs that involve work with low productivity. Such jobs put employees at risk of redundancy.

Agriculture still makes up the majority of the total employment in most developing nations, particularly the low-income ones. a government's main objective should be to create high-value jobs in rural areas while encouraging to seek employment sectors that have openings with higher productivity.

The manufacturing sector can be seen as a major player in economic growth in several developing countries; however, globalization and emerging technology allow factories to decrease their dependency on people to manufacture their products. Beyond these crucial sectors, the rise of the digital age and startups has proven to create millions of jobs worldwide.

Governments must work towards creating an environment that enables its citizens to harvest such upcoming opportunities and focus on education and health to raise the human capital to keep up with today's fast-paced and dynamic economy.

The Future

The jobs plan is increasingly becoming recognized as a priority within developing economies. 

Digital technology is making major disruptions in the education sector by giving people access to information. However, there is yet to be established a credible

Digital Technology

During the pandemic, we witnessed Digital technology make major disruptions in the education and job sector, giving people access to information and education irrespective of their location, giving millions access to education without incurring travel and accordion costs.

Job Platforms

Beyond the education sector, the job market has also been heavily affected by digital technology, in the most positive way possible. Several Job-matching platforms across the globe have been able to link workers with vacancies. 

Digital job matching platforms help employers find skilled employees while also providing job seekers with courses to develop the skills they require to attain jobs.

A partnership between job-seeking platforms, certification course institutes, and the government would hold the unmatched potential to help link people in rural areas with higher productivity jobs.

Emerging services

In the age of entrepreneurs and startups, several services have emerged to help freelancers put a fair price on their work. The emergence of NFTs, Drop Shipping, and Cryptocurrency has also seen a parallel rise in services that guide and assist individual investors and businesses alike to make informed decisions to help get better returns and ensure that they comply with the latest government regulations, if any.

In the new age of digitization, there are opportunities that could help millions around the globe. Having a major role to play in every industry digitization could aid developing nations in ways that we wouldn't have thought were possible before. It could prove to be a boon for people under disadvantage and has the potential to bring life out of poverty. However, nearly 37% of the world's population does not have access to the internet and millions of people in developing nations aren't able to ride the digital wave as infrastructure simply isn't just there yet. and ensuring that developing countries receive funding and assistance for social, economic, and digital development is crucial to ensure a better future for millions.