ipl-logo

Causes Of Unemployment In Saudi Arabia

1895 Words8 Pages

Saudi Arabia has been one of the wealthiest countries in the world, yet there is a high rate of unemployment. There are around 6 million foreign workers in Saudi Arabia. The wealth of the kingdom does not necessarily mean that all of its citizens are employed. Many Saudi nationals are suffering from high levels of unemployment and depressed wages. The increasing rate of unemployment in Saudi Arabia raises concerns that must be addressed to ensure proper economic development. The main reason for this increasing rate of unemployment is due to the influx of low cost low skills foreign workers. This paper will look at issues relating to unemployment is Saud Arabia. The paper will provide a definition of unemployment as well as the types of unemployment. It will also look at the causes and the effects if unemployment, the rate of unemployment in Saudi and the prevalence of unemployment in various sectors of the economy. The paper will also look at solutions to the problem of unemployment and recommendations that are intended to solve this issue. Unemployment is a situation where an individual who is willing and able to work is not able to get a job. The different types of unemployment include cyclical unemployment, frictional unemployment, classical unemployment and structural unemployment. Classical unemployment occurs when the wages associated with jobs are set above the market level such that there are high numbers of job seekers that exceeds the available vacancies. Cyclical

Show More
Related

  • Unemployment Rate In The 1930s

    1189 Words  | 5 Pages

    In the year 2012, studies showed that “approximately 6.24 million people in the United States were unemployed” (“Who are the Unemployed?”), but the unemployment rate is still increasing. The effects of unemployment today are steadily rising, therefore draining the health of the economy nation wide. Welfare programs, minimum wage, and a lack of education lead to unemployment and therefore negatively affect the United States. Unemployment rates during the 1930s dramatically spiked due to a well known economic event that changed United States history, and the rates never returned back to a steady rate.

    Read More

  • Gender Inequality Essay

    1542 Words  | 7 Pages

    Equality among people justifies the development of human civilization. The history witnesses how people mistreated the others and how other people fought for freedom. It proves a permanent truth that the more civilized the people are, the less inequality would be promoted. However, there was no one period in the past, even now, without inequality completely. The slavery issue in the West and the gender inequality in the East both brought unimaginable damage for not only the groups of people who were mistreated, but also the society which is supposed to be peaceful, fair and justice.

    Read More

  • Reflective Essay On Leadership Competencies

    2961 Words  | 12 Pages

    It describes briefly Saudi Arabia’s history and geography, and the form of government and governing body. I chose this artifact for leadership competency because it shows the leadership rubrics that were attained in this artifact. I chose research skills, and reading and writing communication skills to the artifact. I learned from doing this artifact that living in Saudi Arabia is a gift because our leaders are able to preserve the Saudi culture at the same way time were able to keep the peace and the social development in the country.

    Read More

  • Causes Of Homelessness In Ethiopia

    1238 Words  | 5 Pages

    According to the Suitcase Clinic organization homelessness means a temporary condition that people fall into when they cannot afford to pay for a place to live, or when their current home is unsafe or unstable. (Suitcase Clinic Organization ) Main reasons being homeless: cyclical nature of mental health/ substance abuse, unavailability of affordable accommodation-waiting lists for public housing and lack of reasonably priced houses. For example, in UK and USA housing stocks are unaffordable.

    Read More

  • Saudi Arabia Swot Analysis

    1608 Words  | 7 Pages

    Saudi Arabia holds approximately 70% of youth population, these young people will be a great asset in the success of the objectives and the vision as a whole because of the amount of enthusiasm and energy they have towards change and development. Weaknesses: Since Saudi Arabia is a big country that consists of more than 30 million people, there are different cultural groups of the society, it would be difficult for diversified mentalities to be accepting of the rapid changes that are happening. Another major weakness is that Saudi Arabia suffers from the very hot weather, which could be a barrier from practicing outdoor

    Read More

  • The Migration In Egypt

    770 Words  | 4 Pages

    Labor sectors estimate the number of job seekers entering the labor market annually at around 700,000 and 800,000, which is considered a huge number compared to the production capacity of the Egyptian economy (Ghoneim, Ahmed). In addition, there is a great conflict between availability of skills and labor market requirements. The lack of qualified human capital implies that there is a mismatch between the outputs of the education system and the demands of the labor market, which results in high rates of unemployment reaching about 12% (Ghoneim, Ahmed). Hence, migration to other countries is regarded as an outlet for those unemployed. Egyptian migrants usually send back home remittances that represent one of the largest financial inflows to the country.

    Read More

  • Classical And Classical Economics: The 1929 Economic Crisis

    1116 Words  | 5 Pages

    1929 economic crisis, which is generally called as Great Depression, had upset the balance of world economic order. Until the depression, classical liberal economic theories were dominating World order. Classical economics is a supply oriented theory, claiming that whatever the level of supply, it is going to create its own demand in the market. If the free market determines the levels of prices, economy will always be in the situation of full employment. Accordingly, states should never interfere in the market.

    Read More

  • Argumentative Essay On Unemployment

    798 Words  | 4 Pages

    Unemployment happens when individuals are without work and effectively looking for work.[1] The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.[2] According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012 There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.

    Read More

  • The Pros And Cons Of Unemployment

    1034 Words  | 5 Pages

    This data collection should allow this study to acquire an acceptable level of trustworthiness, even when taking into considerations some limitations that may occur.   Section 1: Introduction Introduction Unemployment as an economic problem exists in each countries and it is often a measure of the health of the economy. It is known as waste of scarce economic resources and as a result it decreases the future growth potential of the country’s economy (Riley, 2005). It is essential to understand the factors which causes the unemployment and its relation and impacts to other economic issues. For instance, of the causes are considered the extreme unemployment benefits, excessive minimum wage and hiring cost, too high real wages level, the disparity between the unemployed labour and job offers on the market in terms of skills and many others reasons (Bell, 2000).

    Read More

  • The Problems Of Unemployment As A Social Problem In Society

    2016 Words  | 9 Pages

    Typically, one does not think about unemployment being a social problem, unless you are someone that is unemployed or has experienced unemployment. Unfortunately, unemployment is becoming a serious social problem today in society. Many people who happen to be unemployed are more than capable of working they just do not have the proper experience or flexibility that a job requires. Many are also unemployed because there are not enough jobs for everyone. The unemployment rate is rising every day and the something needs to be done to stop this.

    Read More

  • The Full Monty Movie Analysis

    1611 Words  | 7 Pages

    English 203 10/6/17 Professor: Elisavet Tsakirouglou Student: Tamara Stojkovic Student ID: 20160023 Unemployment is one of the most serious problems facing developed nations today. Based on the film “ The Full Monty”, use specific examples and critically evaluate the effects of unemployment of men Unemployment is a serious economic issue that affects a considerable number of people and countries, either directly or indirectly. Due to the global economic crisis, the number of unemployed people has increased significantly in the last few years.

    Read More

  • Causes Of Unemployment In Kenya

    1358 Words  | 6 Pages

    Unemployment in Kenya is attributed to a number of factors that include: rapid growth of the population and the labour force, skill mismatch, information problems in the labour market, structural adjustment programs, slow or declining economic growth, and the labour market setup, among others. High population growth rate in Kenya has resulted in a relatively young population and a large population of youth in the population of the working age (Njonjo, 2010). This increase in the youthful population and increasing labour force has led to labour supply outstripping demand. Consequently, unemployment, especially among the youth, has surged. In particular, high population growth has resulted in higher levels of unemployment.

    Read More

  • The Negative Impact Of Unemployment In Youth

    846 Words  | 4 Pages

    Introduction: Unemployment generally defined as the number of persons who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy. When the situation arises where there are more other resources for the production and no man power leads to wastage of economic resources and lost output of goods and services and this has a great impact on government expenditure directly (Clark, 2003). High unemployment causes less consumption of goods and services and less tax payments results in higher government borrowing requirements. The impact of the unemployment is seen with the individuals and household curtailing the consumption drastically to meet financial

    Read More

  • Saudi Arabia Pest Analysis

    1062 Words  | 5 Pages

    there exists a preferential bias for Saudi nationals in matters of employment and business. There has been a tremendous growth in GDP due to rise in revenues from oil as a quarter of the world 's oil reserves are in Saudi Arabia. There is a demand for taking measures and effective implementation towards environment regulations. The identification of major weaknesses and the government’s measures for them is helping towards the transformation of Saudi Arabia into a developed nation with a diversification of

    Read More

  • Causes Of Unemployment In Malaysia

    874 Words  | 4 Pages

    Issues and Concerns of Unemployment in Malaysia For decades, unemployment is seen as a negative issue that affects a country all over the world including Malaysia. One person may become unemployed as long as he or she is involved in the labour market. If the unemployment issue is not solved, it will give rise to a series of social and economic problems in a country. The first impact of unemployment will cause an arise of criminal activities.

    Read More

More about Causes Of Unemployment In Saudi Arabia

Open Document