What happens to people unable to work in those that lack education within market economy?

Explanation:

Building on the results of school-to-work transition surveys conducted in 28 countries worldwide in 2012-2013, the study highlights that having the highest level of education “serves as a fairly dependable guarantee” towards securing a formal job.

On average, eight in ten (83 per cent) young people with post-secondary education were in non-vulnerable employment in the 27 low-to-upper middle income countries examined. The “guarantee” was slightly less prominent among low-income countries, but still 75 per cent of young workers with university degrees managed to find a paid job.

Completing secondary education is not enough to ensure that youth in low-income countries achieve better labour market outcomes. Only four in ten young secondary-school graduates were engaged in non-vulnerable employment, compared to seven in ten in lower and middle-income countries.

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