Young adults becoming lost generation: activists


CNA

TAIPEI–Taiwan’s young people may soon become a poor, lost generation if the government fails to address serious problems facing local youths, such as high unemployment, low wages and heavy student loan debts, labor activists said yesterday.

Cheng Li-chun, head of the Youth Synergy Taiwan Foundation and an official in the previous Democratic Progressive Party administration, said at a press conference that high unemployment was a particularly pressing problem.

In 2010, the jobless rate in the 20-29 age bracket was 10 percent, compared with a 7.4 percent rate in 2007, Cheng said.

Making matters worse, Cheng said, was that 73 percent of Taiwanese students attend private colleges and universities that generally have higher tuitions, forcing them to borrow money from the Ministry of Education.