New Zealand's wealthiest philanthropists and community trusts are being urged to link up with local employers to create jobs for unemployed young people.
Australian consultant Dave Turner told a Philanthropy NZ conference in Auckland that if all the country's philanthropic trusts and foundations worked together, they could lead a campaign to cut youth unemployment from 3.4 times the adult rate to match the "world's best practice" of Switzerland, where the youth rate is only 2.2 times the adult rate.
A record 470 philanthropists and experts are attending the conference to share notes on both investing money and giving it away. The three themes are youth employment, reducing inequality and protecting the environment.
Young people suffered much more than older workers in the recent recession. A 2011 report found that people aged 15 to 24 made up a bigger share of total unemployment here than in any other OECD nation.
Despite near-record general employment rates today, 9 per cent of young people aged 15 to 24 are still unemployed and looking for work compared with 3.5 per cent of people aged 25 to 64.