Several years ago, we started looking at job markets in places like Bangladesh and Indonesia, and what we saw were systems that were facing similar growing pains and straining under the weight.
Take Indonesia, the fourth most populous country in the world (behind China, India, and the US). It’s experiencing a “youth bulge” where about half of its population is under the age of 30. And more of these young people are graduating with secondary and even tertiary degrees. On the surface, all that would seem like good news, but in a country where the informal job market is far larger than the formal job market and there was no structured repository to surface informal job postings , it creates an unorganized and competitive labor market. Because informal employment relies more heavily on personal networks, relationships, and referrals, if a candidate doesn’t know someone, their already slim chances at securing a job diminish even more.