Youth unemployment still high
APPRENTICESHIP employment company WPC Group says taxpayer-funded bailouts like the recent one handed to Ford should come with stringent conditions, such as employing local youth.
The group’s CEO, Nicholas Wyman, said despite its size, Ford had not helped ease youth unemployment in Melbourne’s north-west.
He said youth unemployment in the area could be compared with the worst in western economies.
“The Ford bailout money would have been better spent targeting innovation and education in manufacturing … not propping up old practices no longer competitive in the global economy,” Mr Wyman said.
According to WPC, when the government used a targeted approach to youth unemployment via the Kickstart program by outlaying $80 million in 2010, the result was the creation of more than 22,000 apprenticeships.