INTRODUCTION:
The issue of unemployment is
one of the most important challenges facing our world today. Unemployment is a
global issue that has been plaguing the human race since time immemorial. Most
people around the world spend time worrying about being unemployed. This week
we take a look at the causes of unemployment, its impacts and how to reduce it.
Today there is no country where the rate of unemployment is 0. In fact,
everyone knows someone who is unemployed. Unemployment is a global issue and
its causes can be attributed to psychological, economic, biological, political
and sociological factors. At the same time it is also relatedly associated with
gender, age, race and geographical elements. Unemployment can be caused by many
things including death of a worker (i.e. natural disaster), lack of skills
among workers, companies not having enough money to buy goods or services from
other companies and technological changes in the work place. This article will
enable you to understand the various causes of unemployment, how to reduce this
problem in different countries and how to prevent it.
ESTIMATE
OF UNEMPLOYMENT:
There are many ways to measure
unemployment. The most common is the World Bank’s “unemployment rate” which
looks at the percentage of people who are unemployed and seeking jobs. Unemployment
is a difficult problem for the employee and a hard one for the employer. The
World Bank estimates that there are 224 million unemployed people in the world.
It is not all about those people who lost their jobs or were laid off but also
those who could not find any job at all. The world's nations host over 765
million people who are currently unemployed. This number is likely to rise up
to 870 million by 2022 as the United Nations projects that unemployment in
developing countries will rise by 3 percent per year, while it will remain almost
stable in the developed countries. More than one billion people living in the
world's nations are not able to find jobs. The global unemployment issue is one
that all of us should be concerned about.
UNEMPLOYMENT
HAS HARMFUL EFFECTS:
The main problem of
unemployment is that it takes away a person's job and income. This leads to
many people losing health and social roles. The solution to this issue is to
provide a choice for people who want to work but can't find jobs. There are
many harmful effects of unemployment. First and foremost, it's a very stressful
experience for those who have lost their jobs. They have to find new employment
in addition to continuing with the old work and hoping that they will be able
to do so without losing their old clients as well. It was found through
research studies that stress has some health consequences including weight gain
and higher blood pressure.
Unemployment is a very
dangerous and destructive factor in any economy. It is associated with misery &
deprivation and can lead to many other social and economic problems. Where
employment is low, the level of savings tends to be lower, which in turn leads
to lower investment activity and a decline in output, income and consumption.
Employment also tends to put pressure on prices as demand increases more
rapidly than output capacity. Unemployment is a major cause of economic
instability and global financial distress.
CAUSES
OF UNEMPLOYMENT:
Unemployment occurs when there
is a lack of demand for workers or goods in the market. A worker or company may
be unemployed for a number of reasons but most commonly it is due to a lack of
demand for their output. Unemployment arises when there is un-met need for
vacant positions. In the labor market, there are many different possible
unemployment outcomes: some workers will get a new job; others will give up
looking for work and stop actively looking; still others will simply decline in
their participation in labor community. Unemployment, a condition in which
workers are without a job or have been unable to find a job in recent months,
is caused by a number of factors. Although there are many potential causes of
unemployment, one major reason for it is that there simply aren't enough jobs
available for all the people who want them.
The reasons of unemployment are
infinite and can be directly related to our emotional, mental and physical
health. Some people may face redundancy while others suffer from mental illness
or learning disabilities. People experiencing these circumstances may have
difficulty finding employment, especially if they have a criminal record or
previous experience with drug or alcohol dependence. There are many reasons for
unemployment and a lack of jobs. Those who wish to obtain a well paying job
should take steps toward fulfilling the requirements of their future employer.
The first step is to present yourself in a positive manner, which can be done
by clothing well-tailored business attire and wearing make-up or hair styles
that fit your personal style. The main reasons for unemployment include: 1.
Economic recessions 2. Skill shortages 3. Declining industries and jobs 4.
Information systems changes 5.
Technological upstarts 6. Changing
demographics (in retirement) 7. Lack of
qualified workers.
HOW
TO REDUCE UNEMPLOYMENT?:
Unemployment is a major issue
faced by many people. There are various ways to reduce unemployment including
un-announced visits to employers, conducting interviews with the unemployed,
reviewing and increasing chances of apprenticeship opportunities and
implementing government programs that provide work opportunities in under privileged
areas. Here are some ways to reduce unemployment: 1. Find jobs at free places
2. Encourage businesses to hire people with a certificate 3. Work for firms
that have openings 4. If a person does
not have a stable job, he / she should find another job in order to earn
income.
Here are some more ways to help
reduce unemployment: 1. Check the classified section of your local
newspaper 2. Encourage people in
education and training programs to get certified 3. Visit businesses in your community and ask
if they are looking for more employees 4.
If you are not employed and can not find a job, seek out an employer who can
use your skills. If you're looking for a job, try searching in an environment
that puts potential employees at ease -- like your campus club or around your
neighborhood. There are thousands of jobs out there and you'll find one that
will be the right fit. It's important that governments should take an active
role in ensuring a steady flow of trade and commerce.
