Causes Of Unemployment In Bangladesh

Imagine living in a country where almost half the population is unemployed. What would a country like that look like? What might the living conditions of that country be? People in Bangladesh have been facing a lot of similar problems from the past. Today unemployment has become a serious problem that our government is having to deal with. Does having to deal with means something is actually being done to minimize this problem? What’s being done presently by our government is not enough even though they claim to try their very best to solve it discreetly. The rapid growth of population in Bangladesh is the main cause behind unemployment. At this rate, it is very challenging for the government to provide employment opportunities for all or most

The British administration was the main cause of this problem at first. After ending Mughal regime, the British came into the Sub continent and started doing business which later on exploited the sub-continent. They did not establish industries which would help eliminate unemployment. The few industries that were made were all placed in the Indian Territory. Bangladesh was neglected since the British period.

The second most important cause for unemployment would be the rapid increase of the population in Bangladesh. Overpopulation has been a problem for this country from the beginning. Bangladesh’s population is increasing day by day. The current rate of population growth in Bangladesh is around 1.43% (Index mundi, 2014). The employment opportunities are not increasing at the same rate. Thus most people are unemployed.

There are other reasons for unemployment as well. They are as follows: political instability, lack of capital, lack of cottage industries, and lack of employment opportunities for women, poverty, and lower standard of living. These were some of the causes of unemployment in

The country’s overseas employment confronted a drastic fall in recent months due to various restrictions enforced by major labor importing countries. Not all of these people are guaranteed jobs. Today we can see many types of unemployment, they are as follows: Voluntary unemployment, involuntary unemployment, frictional unemployment, structural unemployment, hidden unemployment, and long-term unemployment.

Voluntary unemployment is a situation where a person is unemployed because of not being able to find employment of their choice. Sometimes youths even reject employment opportunities if they do not receive the preferred wages. Involuntary unemployment is just the opposite. It occurs when a person is eager to work at a usual wage yet is unemployed. These are some of the major reasons of the high unemployment rate in Bangladesh.

At the present time in Bangladesh we see workers who might be searching for a job or transitioning from one to another. The time period between the jobs is known as frictional unemployment. This can be either voluntary or involuntary depending on the circumstances of the unemployed. Frictional unemployment is always existent in an economy like