The economic welfare of any country depends on the rate of the economic growth. There are several determinants or the factors for the economic development of a country like industrialization, agriculture, population, employment etc., one of the major indicator for the economic growth is employment rate, as it has an adverse impact on the whole economy. Whenever there is high degree of employment rate the production improves thereby increasing the standard of living (Anderson, 2006). Get Help With Your EssayIf you need assistance with writing your essay, our professional essay writing service is here to help!
Reduction in taxation can bring higher purchasing power to the consumers. It gives some relaxation to consumers in spending their disposable income. Government should take proper steps in investment decisions on huge projects like iron and steel, aviation etc., proper policies are to be made to boost up these projects thereby creating employment opportunities. Proper recruitment, training and development are to be needed by every company in order to increase the capabilities of employees, and to enhance their skills and shows great performance in up bringing of the organization. Government can take initiation in reducing the interest rates and it enhances the demand for credit and improves savings by the individuals. Necessary steps are to be taken by the government in increasing the productivity for the overall development of the country and reducing the unemployment problem in the economy (Fritz, 2006).CHALLENGES TO INDIVIDUALSIt is not only the responsibility of the government to take initiation in reducing the unemployment problem, even individuals has to take step to overcome this problem. Lot of adjustments are to be done by the individuals to come out of this situation. With out taking hasty decisions like suicide, frustration they can plan and do proper adjustments like debt adjustments, expend their liquid assets when it is required, cut down their expenditures and also encourage other family members to find jobs so that they can compensate in income generation (Fritz, 2006).An individual has to increase their capabilities and participate in proper counseling and training sessions to improve their performance levels and enhance their skills. They have to think about self employment apart their job with the help of their family members. This also improves their standard of living (Fritz, 2006).CONCLUSIONUnemployment is a serious issue for any economy. It creates negative affects to unemployed as they are jobless and suffer from worse prospects to find new job and those who are employed feel less secure to keep their jobs in future. However for overall development of economy, government and individuals has to take initiative steps in increasing the productivity and improving the standard of living. Share this:FacebookFacebook logoTwitterTwitter logoRedditReddit logoLinkedInLinkedIn logoWhatsAppWhatsApp logo Cite This Work To export a reference to this article please select a referencing stye below:
Unemployment is one of the most serious global problems. Every country has to fight it no matter how developed the region is. The phenomenon of unemployment can be analyzed from various points of view. You can examine this subject from sociological, psychological, economic, and other perspectives.
In this paper, the socio-economic nature of unemployment was analyzed, and the characteristics of unemployment in the U.S. labor market were examined. While studying the problem of unemployment in the United States, the reason for the sharp increase in the unemployment rate in 2008-2010 was identified. It related to the decline in production and structural transformation in the economy as a result of the crisis phenomena. It should be noted that the policy to combat unemployment in the United States is quite effective because it is able not only to reduce unemployment to a normal level but also to ensure sustainable economic growth.
Unemployment is one of the major social problems affecting many countries in the world, US being no exception. Unemployment, also referred to as joblessness, is a situation where people lack jobs yet are actively searching for work. The most affected, according to research, are the youths who find themselves idle for lack of jobs after completion of their studies. The rate of unemployment is a measure of the unemployment prevalence, which is calculated as a percentage by dividing the number of unemployed people by the total number of those in employment. Research shows that many countries experience high unemployment rates during recession periods. This kind of scenario was experienced in 2011, according to Yates (1994), who reveals that more than 200 million individuals across the globe found themselves out of employment because of dwindling economies. Get Help With Your EssayIf you need assistance with writing your essay, our professional essay writing service is here to help!
Economists argue that China has a great impact on the unemployment witnessed in the US arguing that China is grabbing US jobs in masses. They argue that the policies adopted in the Chinese market, resulting in very low labor costs, have moved several businesses to China from the US, where labor costs is relatively high. This has seen very few businesses and companies being set up to create more jobs for the youths in the country. In addition, economists argue that the expending trade deficit is also eating up the economy of the country as so much money is channeled to the other parts of the world (Jacob, 2011).It is also pointed out that a majority of US companies are facing a lot of competition from international companies from such countries as Japan, China, India and Germany among others. As a result, it has become quite impossible for these companies to cope with the fierce competition resulting in financial problems. It is reported that these have forced many companies in the US to close down. The impact of company closure is that many people who had been previously employed are rendered jobless. Economists also argue that advancement in technology has played a major role in unemployment experienced in the US. They note that many companies in the US are automating their production facilities. This has seen many workers being replaced by machines thereby rendering many people jobless. It is projected that, as the technology advances, many people will be replaced by machines, a factor which will see the unemployment rate increase in the US unless action is taken (Jacob, 2011).It is also reported that some people in the US opt to remain jobless because they consider the minimum wage rate of $6.55 per hour far below what they can earn in case they were employed in other countries like in the Asian market. This has contributed a lot to the unemployment being witnessed in the US today (The Washington Post, 2012).In conclusion, it is evident that unemployment in the US is a major social problem. As such, stringent measures and better policies should be instituted by the government to help reduce the rates of unemployment, which can be done by ensuring that the economy is stabilized, reducing taxes on businesses and creating a conducive environment that promotes business in the country. This is because when people remain jobless, this will see majority of these people engaging in illegal acts such as crimes, which will only worsen the current state of economy of the country. Share this:FacebookFacebook logoTwitterTwitter logoRedditReddit logoLinkedInLinkedIn logoWhatsAppWhatsApp logo Cite This WorkTo export a reference to this article please select a referencing stye below:
Welfare does not always have a material aspect. However, it is difficult to disagree that money plays an important role in modern society. And the topic of unemployment should be raised much more often. Essays on unemployment in America help students explore the problem in more depth and teach them how to interact with other subjects. This page shows the best examples of Essaywriting services.
The problem of unemployment is much deeper than the fact that a person is left without a livelihood. It negatively affects the economy of the region and family relationships. And with the development of robotics, human labor is increasingly being replaced. Therefore, the interest of employers is quite logical since robots do not need to pay even the minimum wage.
That is why this topic is relevant since the number of unemployed is growing every year, but few people think about the prerequisites and solving the problem in the country. The main problem with students is that they take topics literally, and their essays look too dry with a bunch of statistics. Any example from our database will prove the diversity of the issue.
Have you noticed how exactly the topic corresponds to the described arguments in each essay? Try to work through your argumentative essay about unemployment as well. Also, pay attention to the structure of the text.
Unemployment has become a major problem in almost every society. The challenges posed by unemployment are both social and economical in nature. Under normal circumstances, unemployment leads to despondency since a section of society lacks ways of earning a living.
This affects not only the economic status of the society but also the political and social aspects. It is against this background that a lot of efforts are put in place so as to address the issue of unemployment. Job creation is one sure way of ensuring that unemployment is under control.
This involves concerted efforts to bring about opportunities to work through which income can be generated. However, unemployment is of different types, and a better understanding of the same is crucial in the event of finding a meaningful solution.
Furthermore, unemployment is caused by several factors which are responsible for the whole situation. The aim of this paper is to navigate through the light of unemployment, thoroughly analyzing the causes and types of the same. 2b1af7f3a8