1. INTRODUCTION-UNEMPLOYMENT
Either in this world expansion country or recession country they are existence one problem is unemployment. There is few type will effect this problem is frictional unemployment, structural unemployment and cyclical unemployment. This effect is due to economy and human behavior. First economy growth is no meaning less unemployment because the labour market is dynamic and heterogeneous, so meaning is not every people suitable find they job or they skill is not match with the job.(i.g farmer cannot work factory). Meanwhile when economy go down so company will save cost restructure layoff manpower. Second human behavior explain some people they in range of labour force but they don’t want to work, only rely on government assistance.
2. UNEMPLOYMENT RATE IN SINGAPORE
According Singapore Ministry Of Manpower in 2014 unemployment rate still remain low level. Due some company shut down they factory, layoff manpower it will be slightly rising the rate, but it is under government control. In 2014 unemployment rate of residents is rising from 2.7percent to 2.9 percent, meanwhile the citizen’s rate is 2.8 percent up to 3.0 percent. In this sign we will see is not enough job for let people to work.
3. ANALYSIS UNEMPLOYMENT
In Singapore, citizen’s still in labour force but they are unable find the job root cause citizen’s competition foreign worker, technology and human behavior. Citizen competition foreign worker some job is salary low working hour long and heavy job citizen are unable to do. Government recruit foreign worker to insert the work
. High technology is let citizen unaccustomed. Now many company use technology substitute manual job. Human behavior is they feeling they work is difficulty ...
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... their limited domestic product. At the same time government are not protect local business will effect local company collapsed it have appear unemployment. One depression country always have crime, when people had used up all the saving because they desperation.
8. CONCLUSION
Above summary we can see the world has not prefect employment, but we can pull down unemployment rate. Firstly the government needs to help the unemployed to find work, expanding the network information can allow the unemployed to find work in the information. To attract foreign investors to invest in local business, the government needs to protect their interests, expand production capacity, which means more quotas to the unemployed job. Second is need to improve the quality of education, requires course more effective labour market, including through the development of practical skills.
For many years, private charities, along with local governments, have cared for the poor through a multitude of economic security programs. These programs comprised the welfare state that sought to enact policies (after the Great Depression) in order to promote economic security for all Americans.
Also, he argued that the lack of competition is not the fundamental problem and measures to reduce unemployment by cutting wages are ultimately futile. He points out that there is no self-correction property in the market system to keep capitalism going. A badly depressed economy could remain in stagnation unless some alternative to capital spending is found to revive it. The only source of stimulation is the government. Therefore, the government’s intervention in spending on the depressed economy might be an essential economic remedy for a depressed economy to recover its vitality.... ...
I would agree that the welfare system is a “broken system”, but I wouldn’t necessarily say that the welfare system needs to be “wiped out” before it can be improved. The welfare system is a large system and within that large system there are parts of the system that works well and there are parts that need additions and changes made to be more effective system with assisting individuals to become self-sufficient. Additionally, the welfare system needs to undergo change to become a more efficient system.
For what has been a very, very long time, our elected representatives have sought to achieve “full employment” as a national goal….but full employment has been suspect as a possible cause of inflation, and is therefore weakened by decisions of the Federal Reserve, in an attempt to retard inflation. In terms of causes, unemployment has changed; the character, degree of severity, possible solutions of unemployment over the last ten years or so have been reduced, and has morphed in terms of just who is experiencing the unemployment and the suggestions for answering the problem. It has been the traditional fundamental trades, like manufacturing, viewed as part of the shift in the economy towards the new information age model, as workers transition from a manufacturing economy to a service economy, all the while over-coming the obstacles set forth by our own government.
Simply put unemployment is basically the act of not being employed. In the United States there are several different ways that one can label being unemployed based on the economy of our country at the time. Throughout history we have gone through many different depressions, recessions, and hard times all together. The first major hit this country took was when the stock markets crashed and sent the economy straight down into the sewers. It was called the Great Depression. Many people suffered and it caused suffering this country had never seen before, so many people fell to poverty level. This depression lasted from 1929 to 1941. Most recently America went through what is now called the Great Recession. This started in 2007 and ended June 2009. The general cause was due to the general decrease in the global markets around the world and was the greatest economic turnover since the Great Depression. This nineteen month long recession was what brought about the unemployment status that America is still adjusting too. The unemployment rate reached anywhere from 10 to 15% which is particularly high for our country to endure. By June 2010, the United States government decreased the unemployment rate down to 5%.
As Canadian's fertility rate fells, baby boomers retires, immigration and foreign workers becomes very important for the increase of labor demands in the Canadian's job market. The government is planning to reduce the application waiting time and therefore there will be more newcomers coming in the next fewer years. Canadian companies will then have many experienced and foreign trained applicants where they can help Canadian companies to increase their foreign trade and to build a better relationship with the other country. However, new comers have difficulties in finding employment because of their unrecognized foreign qualifications, non Canadian work experienced and the lack of support in the settlement programs where they get help to find employment.
This paper is briefing of book called “Race against the Machine” written by Erik Brynjolfsson and Andrew McAfee. This paper focuses on the impact of technology on the current employment issues. Three explanations of current economic issues that is cyclical, stagnantion and “end of work” is provided (Brynjolfsson & McAfee, 2011). Then the idea of excessive progress in technology making man jobless is presented and to support it various arguments are put forward. Secondly the idea of technology development causing division of labor into high skilled, low skilled, capital, labor, superstars and ordinary labors is presented and explained in detail. Finally remedies for solving these issues are presented and explained. Major takeaways of this paper are mismatch between the productivity and job creation, interlink between Technology improvement and division of labor and importance of education in building stable skilled labors and in the developing a stable society. (Brynjolfsson & McAfee, 2011)
Layoffs are one means by which an organization can reduce expenses with the intent of improving its bottom line. Despite being typically performed as a last resort, layoffs often have a negative impact on the remaining workforce. As a manager, there are numerous areas for concern in managing the workforce going forward. The human costs related to downsizing are “immense and far-reaching” with one of the most profound being survivor syndrome according to Hanson (2015, p. 187). Also known as survivor’s guilt, this condition relates to the emotions felt by those still employed and some of the effects include decreased motivation, moral, and job satisfaction, as well as an increased proclivity to search for other employment. This volunteer turnover being another grave concern for managers, and retention of the remaining workforce is usually dependent on their existing perception of the organization and its culture (Sitlington & Marshall, 2011). Also relayed by
The increase in population have both pros and cons on the effect of Singapore’s economic growth and standard of living. High population growth rate cause difficulty for countries to raise or maintain its current standard of living. As higher population means competition over household, foods, healthcare, and education. Government needs to pump more money to
The effect of the unemployment on our society not only affects the person themselves, but it affects the society where an individual lives. Unemployment comes with uncertainty, doubt, unhappiness and anguish. People are suddenly force to live their lives in a way they’re not accustomed to due to the loss of income.
Already South Korea is going for its third straight year it when up to 9.2 percent in 2015. The unemployment in South Korea is caused by the great divide in their labor market. It’s very hard to hold a permanent job. This is why employees are categorized in two categories: the ones who have permanent jobs and then there’s the temporary workers. As a result, towards young people it’s hard for them to find a stable career or just a secure permanent job.
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
First of all, for the working peoples, the appearances of computer technology bring up a convenient
It is also impossible to encourage workers. In recession, company try to less employees for preventing deficit in business. And company also less amount of salaries however employees can sustain in. Because of losing job, people have to be homeless and suicide because how could people live with no job? The main reasons of crimes are moneyless. Welfare is given for people who have no money and no job, the amount of money for welfare will up. Obviously, social spending cannot less in this situation. Like this, bad idea to spend less money and high tax in recession.
Unemployment issue can lead to a lot of impacts to the economic growth. Higher unemployment rate will lead to increase government borrowing. When people are without their job, they would paid less in the income tax. So, it will cause a drop in tax revenue because there are lesser people paying income tax and spending less. Due to the loss of earnings to the unemployed, the government need to spend more subsidy for them in housing benefits and income support.