Money is God. Nobody can live without money because everybody needs money for survival. As the world becomes more competitive, people are hardly finding jobs and the rate of unemployment is continually increasing. People trend to look through careers more arduous. There is a single way to get money is working. It is one of the most important factors in human being. People earn money from jobs, and every job is distinctive in emolument. It is a main problem that makes numerous people want to quit their jobs and find better jobs. However, if they do not have money or unable to work in any reasons, it may create a lot of impacts on the country because the rate of unemployed workers is continually increased. Every country faces with this problem. Some countries are able to restrict it, particularly, in developed countries. However, in some lands are uncontrollable because of country’s social welfare is not good enough. This essay will argue that the government should distribute subsidies for some people who are able to work, but cannot find a jobs to reduce economic problems, improve the standard of living of the unemployed, and even reduce crime.
Unemployment basically means people who lack of seeking jobs. “The unemployed are people able, available and willing to work at the going wage rate but cannot find a job despite an active search for work” (Riley, 2012). Unemployment occurs when an expansion in demand rates, while the economic growth goes downward and layoff starts increasing because of a depression from the economy (Hardman, 1999). High rates of joblessness are the main obstacle that is damaging the social development as a whole. When many people are unemployed, businesses do not have capable people to run the work. Moreo...
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... and high education. Obviously, everybody needs money to cover the basic expenses: food and family’s expenses. This essay indicates that financial aid by the unemployment insurance that comes from the parliament, is one way to resolve the depression, make the economy develop faster and reduce crimes in the country. These subsidies that the government gives to unemployment basically come from workers’ taxes and incomes of the country. The benefits on spending subsidies benefits for unemployment have more outweigh. Hence, the government should focus on impacts to reduce the level of unemployment. In contrast, there have negative results on distributing wages, it leads to inequity between employed and unemployed workers, and it may creates incompetent workers. More importantly, it runs a lot amount of budgets and the rates of unemployment will expanded in the future.
This section of the paper will outline the services and benefits provided by Employment Insurance (EI). The policy’s main objective is to provide temporary income assistance for citizens unemployed through no fault of their own. Benefits are also provided to individuals unable to work due to illness, child rearing or providing care for a fatally ...
First major cause of unemployment in Bosnia and Herzegovina is undeclared work. Undeclared work got significant meaning during the period of socialist development of this country, where privatization of local companies was frequent. This type of work existed in some branches, such as, agriculture, craft, construction and catering. In the past, undeclared work was only seasonal and temporary, but now, it is common in all sectors of country. Today, statistics shows that some companies do not register any worker, but these companies still exist. They use method where their workers are placed on the waiting list, but nobody guarantee them that they will be registered (Ilic, 2003). The major reason why employers do not register their employees is the high monthly cost for each worker, and using this method, they attempt to ma...
There are a multitudinous number of both economic and social difficulties associated with unemployment. One fundamental reason why the government particularly stresses on reducing unemployment levels is as a result it poses a great cost on the economy. Not only does it affect the economy, but also it poses a great threat towards the living standards of the unemployed people itself. This could lead to many receiving less or no income based on whether or not they receive unemployment welfare benefits from the government. Reduction in income, would lead to a less disposable inc...
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
Inflation refers to an increase in overall level of prices within an economy. In simple words, it means you have to pay more money to get the same amount of goods or services as you acquired before. By contrast, the term unemployment is easier to understand. Generally, it refers to those people who are available for work but do not find a work. And unemployment rate, which is the percentage of the labour force that is unemployed, is usually used to measure unemployment (Mankiw 1992).
Unemployment refers to the number of workers who are part of the labour force and are not employed but are actively seeking employment. Unemployment is closely correlated with the overall level of economic growth. Unemployment is a problem not only for the unemployed but for an entire society. The existence of unemployment means that a society is not using one of its scarce resources (labour) in the most efficient manner. As the 1970s the Australian economy has experienced fluctuating unemployment rates at around 7%, however, in recent years this rate has reduced to 5.8%.
Unemployment, what is it? Unemployment is defined by the Bureau of Labor Statistics as people who do not have a job, have actively looked-for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included in the unemployment statistics. Unemployment is an important statistic used by the government to gauge the health
Social issues are problems in the society today that are described as wrong, widespread and changeable. A category of conditions that people believe need to be changed. Poverty is a serious social issue in the society today. According to Peilin (2012), poverty brings hardships to families and individuals as well as political thereby negatively affecting the social stability and social development and posing a severe threat to human security (p. 243). This paper focuses on poverty as a social issue in today’s society. First, it gives a succinct introduction of the social issue, and then describes how it fits into the field of sociology. It also evaluates the sociological theories and terminology that relate to the social issue. The section that follows evaluates what is known and unknown about the particular social issue. This is followed by a discussion regarding the value of sociological research into the issue determining the available or possible practical implications of the sociological inquiry. The information presented here is strongly supported by the concepts and theories derived from reliable sources.
Thus, expanding individual pay by making formal occupations or supporting casual substances is portrayed as the center and speediest strategies for the counter destitution exertion as 75% of the poor are accepted to claim work or casual elements as a methods for
Unemployment refers to a situation where individuals want to work but are unable to find a job, and as a result, labour resources in an economy are not utilised. In March 2016, the unemployment rate within the Australian labour force was 5.6%, however, it slightly increased a year later to 5.8%. Various factors contribute to the unemployment rate’s increase, such as the cyclically weak demand for labour, resulting slow employment growth compared to labour supply. As well as structural influences that affect the efficiency which unemployed workers are matched to vacant jobs .
This report analyses social and economic factors such as, risk of poverty, employment rate and population completed at least upper secondary education. In this report you can find summary of the data, descriptive statistics, correlation and regression analysis, which shows that poverty has a small negative relationship with employment rate and negative relationship with education. Thus, this means if countries would increase employment rate and increase number of people who finish secondary education they would be able to reduce poverty level in the countries.
The current world economy is grappling with many challenges of which unemployment, especially among the youths is such a major concern. However, the effects and implications of unemployment are argued from the perspective of how it dictates the economic health of a particular nation or state (Kleck & Jackson, 2016). A high unemployment rate is associated with distress among citizens owing to the negative implications it has on their spending capacity or disposable income. Not only has the world suffered the adverse effects of the current economic recessions but to a greater degree, a lot is being associated with the increased vices in the society (Andresen, 2015). Experts have tried to explore the relationship or link between unemployment
It’s hard to live a normal healthy life without a job and money. There are a variety of reasons why people are unemployed. Being unemployed can cause one to experience financial, emotional, and personal problems.
Back in the late 20th century United Kingdom faced the most rapid higher education growth which supplied a high number of skilled workers for the national labour market. Unfortunately, growing number of graduates made the economy suffer from the overqualified workforce. This abnormality caused the over-education of labour market since bigger number of population currently holds the graduate degree if compared to those who have high school degree (Coughlan, 2014). McGuinness (2006) described over-education as “the extent to which an individual possesses a level of education in excess of that which is required for their particular job”. However, Mertens (2003) analysed various analysis and supported the statement that over-education should be treated as short term phenomenon which is likely to restore in time. Likewise, Caroleo and Pastore (2013) added that this restoration is only likely if certain persistent and derogative problems do not occur. In other words, it means that over-education is short term phenomenon only when overeducated person keeps refining his/hers
Underemployment is a major issue in today’s society as it has an impact on many students and individuals that are overqualified. It can be defined as an involuntary employment conditions, where workers are in jobs, either part time or full time and that their skills, including formal and work experience/training, are technically underutilized and undervalued (Glyde, 1977, p. 246). Firstly, it is easy to determine if an individual is either underemployed or overqualified for a job. According to Feldman, underemployment can be broken down into five dimensions (Maynard & Joseph, 2008, p. 141). The five dimensions are more education than required by the job, employment in a field outside of the area of education, more skills or experience than required by the job, involuntary employment in part-time or temporary work and lastly low pay (Maynard & Joseph, 2008, p. 141).