The economic impact of unemployed educated people in Sri Lanka: special reference to Akuressa divisional secretariat

Abstract

Educated people are one of the major sources of Economic growth and society. Most of the time, socio economic condition of unemployed educated people affects their standard of living. This study has presented various demographic factors and socio-economic condition of the unemployed educated people, with reference to Akuressa divisional secretariat in Sri Lanka. Majority of the unemployed educated people have to face various problems in finding employment opportunities because of low management skill, low education qualification and less availability of the resources. Hence, this study aims to analyze impact of unemployment of educated people on GDP in Sri Lanka. This research based on the sample size of 100 the educated people in Akuressa Grama Niladari Division. According to the findings of the study, in the study area, monthly expenditure, monthly income, monthly consumption, saving and income earning assets are highly affecting the unemployed educated people. Under this sample 22 peoples are educated employee people and 78 people are unemployed educated people in this village. Further, lot of educated unemployed people depend on their parent’s income or their salaries. As well as they are burdened to the economy. Because they haven’t income generation method and also, they haven’t fixed income sources. Also, in this village educated unemployed people not enough savings for future expectations. Hence, government should conduct new entrepreneur awareness programmer for these people to increase these people income level.