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Effect of unemployment essay
Impact of unemployment on individuals and families
Consequences of unemployment
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History has brought upon wonders on how economists view the conditions of different nations whether it is about aggregate output or policies implemented by the government and central bank. Now, it is quite interesting to note how unemployment, as I have studied in the last few weeks, indicates a far different realization when applied to the Philippine setting. It is as if unemployment in our country wears a mask that hides how the government, even with its good intentions, fails to address the more pressing problem we have, which is poverty.
“The poor can’t afford to be unemployed”
The cliché statement above may very well describe how unemployment pose as a false indicator of the development of the country in terms of its working force. Another concern would be that, as a student, it is befuddling to find out that the effects of unemployment is not what I thought it would be in our country. I was momentarily blinded by the fact that I simply accepted the idea that unemployment in other developed countries would imply the same thing here in the Philippines. Moving on all that, it may be the opportune time to step away from the façade that unemployment in the country had instilled in our minds, for we need to look into the situation at hand with clearer sense of purpose of discovering the truth and identifying the real problem that not only the government should take action but also the Filipinos as a whole.
To begin with, it is far more reasonable to believe that unemployment indications here is far different compared to other countries; for one, it is evident that we lack the system of welfare benefits that could aid unemployed people find work. To make matters worse it is alarming to find out that our problem does not only lie ...
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...nother develop the abilities of those who have lower educational attainment compared to others. Therefore, the problem would not be only solved by providing jobs but by giving Filipinos quality jobs that would boost their morale and provide them financially for the long-term.
Going back to the special economic zones, I realized that establishing it would still remain effective since it would provide venue for employment that may decrease unemployment—although this bears little significance to poverty as explained earlier—would in the long-run increase wages since the demand for competent workers will increase the bargaining power of our country men. Furthermore, with a positive sense of the future we may infer that these zones would lead the Filipinos to attain what they truly deserve one of which would be sufficient wages and proper benefits for their hard work.
...eas Filipino Workers) as helpers. This petition should serve as an Inspiration for any overseas workers being abused by their Masters. Their voices need to be heard on what they believe is right and just. Nobody should be abused and treated cruelly by anybody. This issue needs attention not only by the foreign country’s Government but the Philippine Government as well. No overseas workers should fear addressing these issues because it violates human rights such as the right to freedom. They need to man up and let their voices be heard. The Philippine Government needs to take immediate action regarding this concern. They need to listen to their people’s plea. Expanding and beautifying main roads is not the answer. The answer is to stop sending workers overseas and to create more local jobs that can be beneficial to all and will stop locals pursue working overseas.
The concept of the "working poor" has gained prominence in the post-welfare reform era. As welfare rolls shrunk, the focus shifted from the dependent poor to the working poor. It was obvious that without substantial outside support, even families with full-time low-wage workers were still earning less than the official poverty line. And while American society purports that anyone can prosper if they work hard enough, it became apparent that with inadequate opportunity or bad luck, a growing number of families could not attain the American dream, or even break the cycle of poverty. The new challenge for American social policy is to help the working poor lift themselves out of poverty. That's why progressives who supported ending welfare as we know it have set a new goal -- the government should "make work pay" so that no one who works full time is poor.
The United States, a place where anyone can “pick themselves up by the bootstraps” and realize the American dream of a comfortable lifestyle. Well, for over 30 million Americans this is no longer possible. Though we live in the richest and most powerful country in the world there are many who are living under or at the precipice of the poverty level, “While the United States has enjoyed unprecedented affluence, low-wage employees have been testing the American doctrine that hard work cures poverty” (The Working Poor, 4). This translates to families of four making around 18,850$ a year. And as soon as they find work or move just slightly above that 18,850$ a year (which is still a meager and deprived way to live) they are cut off from welfare checks and other “benefits”, “they [working poor] lose other supports designed to help them such as food stamps and health insurance, leaving them no better off-and sometimes worse off-than when they were not working” (The Working Poor, 40). The working poor find themselves in a trap of dead-end, minimum wage jobs, and complicated, under funded government programs.
Regardless of a country’s financial stability and strive to reduce chances of job equilibrium, there remains to be a big number of people not employed. This has mainly resulted from poor economic policies made in different countries. In this case, most of the economists make policies by concentrating on only one group of people. In modern economics, most economists concentrate on the effect of an economic policy on the target group of individuals. For instance, policies that involve recruitment of a particular group of professionals may result to a high risk of unemployment in other sectors if careful evaluation is not taken into consideration. This mainly occurs when these policies target the recruitment of highly paid professionals. Good economists have to be able to determine the effect that would occur on the other lowly paid workers. They also have to project a better means to acquire the money that would be used to pay the new recruits (Chafuen,
I have conducted extensive research on the needs of the country in question. Throughout the course of my research it has become clear that there can be many trends in the data and statistics of economic concerns of many countries. In order to better illustrate my point I have chosen to compare two different countries while observing one economic concern. I have decided to illustrate the concern of poverty in the economy of the Philippines and Canada.
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.
In this essay, I will be talking about how the changes in demographic characteristics of Indonesia over the past 10 years can affect its economy in terms of unemployment, GDP (Gross Domestic Product), and poverty. Unemployment is an economic condition marked by the fact that individuals seeking jobs but remained unhired. A country's GDP is the total market value of all final goods and services produced in a country. Poverty is when the income of people is below the GNP (Gross National Product) per capita of a country with scarcity of means and subsistence.
Countries have evolved and transformed in their own pace and ways over time, even more so now with the advance in technology. However powerful, rich or poor a country is, weather they be developed or developing there are certain similar predicaments that persists. One such predicament for the government and the people is unemployment. Papua New Guinea has its own fair share of this problem. Jobs are scarce in Papua New Guinea Kuimbakul (2011) elucidate that of the 50,000 school leavers each year there are only 10,000 new jobs, which means around 40,000 educated young people cannot find paid jobs which then results in other social problems. If you graduate and do not get a job or if you are currently job less, is that it for you? Will you just keep seeking for employment and hope for some vacancies to appear? In this essay I will argue for the idea of ‘self-employment’ in the context of Papua New Guinea.
Apart from Manila, several other areas, more specifically provinces, were also affected by the developments. These provinces which experienced the massive conversion from agricultural lands into “residential, commercial a...
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group particularly bad off is the age group referred to as teenagers. This paper is going to focus on how teenage unemployment affects the economy and what possible solutions there are.
The Philippines has long been a country with a struggling economy. Ever since World War II, they have struggled to have a steady government and labor system. Independence did not bring any social changes to the country. The hacienda system still persists in the country, where large estates are farmed by sharecroppers. More the half the population are peasants and 20 percent of the population owns 60 percent of the land. Although the sharecropper is supposed to receive half of the harvest, most of the peasant's actual income goes to paying off debts to the landowner. Poverty and conflict strained the industrial growth of the country with many Presidents trying to fix the problems, but failing to do so. Factors that have faced the country are there is almost 9 percent unemployment, and the country suffers from the consequences of a balance of trade deficit. With the resources that the Philippines have, they are capable of pulling themselves out of the economical hole they are in and being up to par with their successful neighboring countries.
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.
Over the past year, from 2013 to 2014, unemployment has risen by five million people. There are now approximately 202 million individuals that are jobless, and the increasing unemployment rate is inherently bad for the world. Long-term Unemployment can greatly affect an individual; unemployment causes a plethora of negative effects such as: increased criminal activity, a decrease in an individual’s physical health, and an increase in an individual’s psychological instability. A vast number of individuals, families, and various relationships in the world take a destructive path due to unemployment. The lack of a job is not always a sign of laziness; it is rather a result of the detrimental effects of long term joblessness. With that in mind,
Philippine politics is the birthplace of promises of great guarantees and additionally the reason for huge dissatisfactions gainful of poverty, poor justice system and low quality of education, agriculture and economic rate.