Unemployment will cause lower salaries because more workers but less jobs, so the people that cannot find a job in China they will find a job in other countries. Some of the degree graduated student cannot find a job in the China because there was not job for them. According to Patience (2013), the companies were less hiring 15% graduated students from last year. That was a bad news for the graduated students because they were just a few of companies’ job to choose. Unemployment make the students stress.
Youth unemployment in few recent years has been increased because of the low foreign and domestic investment. Due to the security risks people are hesitant in investing businesses that also have caused an increase in the unemployment. Some of the young people can be without jobs due to the frictional unemployment. The theories of unemployment put forward this idea that some school leavers are expected to remain unemployed for the sake of finding suitable jobs. Youth unemployment can also be an outcome of the business cycle.
Statutory minimum wage does more harm than good Whether the statutory minimum wage (SMW) protects employees’ rights and benefits has caused a comprehensive discussion in many cities. In Hong Kong, SMW has come into force since 2011 and have a general regulation every year. By legislating this policy, the government is aiming at preventing from exploiting labor, sustaining low-salaried jobs and maintaining steady economic growth. Although SMW might have its logic and merits to a certain extent, this essay argues that SMW does more harm than good for labor. This is because it would increase the unemployment rate, harm worker health and step up living expense.
(2012) examined the relationship between salary and the rate of employee turnover; they discussed that Chinese migrant workers in low status occupations have higher rates of turnover than employees in high status occupation with well paid. The young migrant are attracted with the jobs which its wages are high so they usually change the opposite job. Huang (2011) relates the argument of job turnover to low human capital and individual factors. He indicates that low employment grades and low income are the most important reasons for migrant workers to switch jobs in China. The younger and unmarried migrant workers with low level of education, having no training and low income tend to change their jobs within industry.
Which side will win, many states and politicians want the higher minimum wage. What will really happen if this becomes true will it make certain companies go out of business or will they adapt to cut jobs so we may be back at the starting point all over again.. Who will really win at what expense. The minimum wages for each state varies and some of those states most people are struggling to support themselves and their families. I live and work in Ohio the minimum wage is under eight dollars and many of those jobs and companies do not offer a forty hour a week schedule. Not to sure even if you work forty hours a week how much better you will become.
Advantage and disadvantage The advantage of the mixed market system is that China has open is market towards foreign business therefore creating job opportunities for their people by doing so it has improve their society and the style of living. Besides that, those citizen who works for the foreign companies will incur a percentage of taxation. This taxation is then uses by the government to develop the country by improving their infrastructure such as roads, telecommunications, and public transportation. Apart from that, China is now the 2nd largest economy in world (Jerry w; 2011), (Nation Master; 2003-2014). The disadvantage that China will face with this mixed market system is that many hundreds of millions of people still remain poor because most of whom live in more isolated interior regions of country away from prosperous coast; therefore creating a gap between rich and poor.
The Crime and violence will increase and the Standard of living will decrease as much as the economic The country should find job for unemployed people in order to raise the country economy. In my opinion the country should help these people by improving the education system, offering training courses and opening new factories. The Philadelphia Unemployment Project (PUP) is an organization that introduces education, information, advocacy and leadership to fight for the rights of the unemployed and poor people without taking any kind of profits. Also it's fighting for fair payments and Jobs for over 30
According to an article by Personality and Social Psychology Bulletin, compared to the previous generations, high school graduates are more likely to want lots of money and nice things, but less likely to say they’re willing to work hard to earn them, “said Twenge, author of the book “Generation Me”. Most young people today would get a normal job to buy a car or other fancy materialistic things rather than to buy a home or put themselves through college. Most young people todays work ethics are poor workers. They are not dedicated and shows no respect for work authority. They want to report to work late, used their cell phones on the job and do their work carelessly without expecting a penalty for such poor work ethic.
Since unemployment creates a lack of financial stability, it will eventually lead to poverty. Due to this, those people who are unemployed will have a lower standard of living than those of the people who are employed. This is because they will suffer from lack of regular income to support their basic needs such as food, clothing and health care. This only shows that employment plays a very big role in addressing poverty since if many people will be employed, they will have enough money to be able to support their needs in life. Last 2012-2013, there is an increase in the unemployment rate of the Philippines despite the country’s economic growth.
Welfare dependency was a social problem that start from 1997. After 1997, the CSSA cases are increasing in the few year. In 1998, Leung Kin Pong who is the social welfare department president at that time said “only lazy people would live on CSSA.” This quotations let the people who need to pay for tax and the people who get CSSA feel angry and have some conflict from in the society. Poverty, lower class and unemployment think can’t maintain their life so they need to get CSSA but they think government should not think they are the lazy people and the people who need to pay tax think the lazy people wasted their money for maintain a group of lazy people’s life. Also, we can see there are some description of “avoid people over relied or depended on the CSSA from the Social Welfare Department’s