More than half of young people are unfamiliar with the concept of the future economy

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Time: June 20, 2018

More than half (57%) of young people around the world are unfamiliar with the concept of the future economy, new research has revealed. The Global Youth Survey, undertaken by Populus on behalf of the Misk Foundation, shows that young people around the world are not fully aware of the economic changes and challenges of the new economy that are already shaping how people will live, learn and work.

The survey also found that more than half fear they are not sufficiently tech-savvy to access opportunities that will come from technological progress in areas such as data mining, machine learning and blockchain.

Interviews were conducted with 21,000 young people between the ages of 16 and 35 in 21 countries around the world – the 19 nation-state members of the G20, and Nigeria and Pakistan due to their large and growing young populations.

The research, unveiled at Misk Global Forum, showed that 59% of young people are positive about the impact on technology on work, with only 4% believing that technological change is a challenge to their generation. The study also revealed that young people are increasingly ready to embrace change, with 65% describing themselves as open-minded and three in five regarding themselves as adaptable.

Shaima Hamidaddin, Executive Manager at the Misk Foundation, said: “This research serves to underline the importance of developing and empowering young people all over the world – not just in Saudi Arabia. Meeting the challenge of change brought about by the fourth industrial revolution will not be easy, but young people the world over have the potential and the attitude to meet it.

“The Misk Global Forum is providing a platform for young people from around the world to draw on this open-mindedness and eagerness to learn to connect with established leaders and innovators so they can experiment, explore, and map what their futures can look like.”

This article was first published in Misk Global Forum

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