Unemployment causes and effects essay
As manufacturing technologies have become more mobile, and multinational firms more footloose, production jobs have migrated from the U. For example, fewer American workers would have been needed to make steel in 1980 than in 1960 even if the pressures of global competition had not been a factor, because new machines have made many of their tasks redundant. During the 1970s, the entry into the work force of an unprecedented number of women and of young adults born during the baby boom resulted in too many workers for the jobs available, and depressed wages.The greater the number of the unemployed or the longer they are without work the more money the government has to shell out.There are many causes of kidnapping, among them are unemployment, poverty, religion, political issues, and so on. Awake (1983) stated that meaningful employment could bring happiness, makes one wanted and needed.After a period of hard work in high school or off-school, students and some elderly people resort to join college and graduate so as to attain what they had envisioned, a new chapter in life. It further argued that people acquire certain skills so that they could be employed and be able to provide for their needs and that of the family, but unemployment seems to step in and dash this hope.Young people of the current generation have developed the habit of terming employment as living on less than $1 a day. The distribution of unemployment cuts across the entire globe, from the affluent countries to the poorest of nations.In developing countries, the situation had become even worse.For the majority of this period unemployment rates were on the rise as the country was dealing with internal financial issues of its own.When people are out of work the rates of depression and crime seem to skyrocket.
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If the word demands a definition, “unemployment”, may be elaborated as a state of not finding work by an individual who is fit and willing to work.These types of countries find it very hard to attract graduates into the labour market (Buckner & Saba, 2010 adapted from Street et al., 2006; Huitfeldt and Kabbani, 2007).Structural unemployment is caused by changes in industry.Governments of most nations use the rate of unemployment in their countries to determine how the economy in their country has improved.Unemployment is one of the major issues affecting Nigeria’s economy and its society.A person on temporary layoff from work and waiting to be recalled back to work can be considered unemployed.A number of unemployment reasons fall into these categories.