The unemployment rate is rising every day and the something needs to be done to stop this. Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Adults are more likely to be unemployed because of physical and mental health challenges. Adults also tend to be unemployed because of cyclical, structural and frictional unemployment. Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money.
Educated unemployment or underemployment is due to a mismatch between the aspirations of graduates. To have a higher position and higher salary, but the quantity of student is getting higher, it will cause unemployment. The secondary effect of this is that the days when having a degree alone would get you a job over. Record number of college applicants across the nation, resulting in more college grads, and thus, more competition for the limited number of jobs available on the market. Graduate unemployment is unemployment among people with an academic degree.
Some of the factors that are found were difficult to find a job, lack of information in the universities about the market of job, inability of older workers to adapt to technology (age) and sex. For example, if a person does not find a job for different factors, they will not provide the basic necessities to their family such as food, health care, and house. As a result, they will not have money and they have the high risk to loose their house and do not have things to live comfortable. Otherwise, unemployment contribute to the poverty of the population of the United States if they do not have entries economic. Third, other thing that contribute the poverty to people is do not have a place to live in the United States.
A statistic shows that China had 4.09% of people in China was unemployed in 2014. If the unemployment rate is high, it will cause that country become dangerous, because it will cause crime, such as theft, doing the illegal things and others that are dangerous. According to Xin Hua News (2015), more than 168,000 narcotic-crime suspect was arrested by police in 2014. There had about 70 tonnes of drugs, including 25.9 tonnes of methamphetamine and 9.3 tonnes of heroin. 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.
“(Source B) which can create many opportunities for you rather than for someone who may not of graduated from college. When it comes to getting a job every advantage you can get makes a big difference and that is why college is worth the cost. In this ever-changing economy, many people are in danger of becoming unemployed and don’t know what the future of their career holds. Statistics have shown that college graduates are less likely to become unemployed than those who are not. Source D states that “College graduates are also far less likely to be unemployed than non-graduates.” This gives proof the statement that getting a college degree will give you better stability in the
Poverty can be defined as the lack of means necessary to meet a person’s basic needs such as food, clothing and shelter. Poverty is a worldwide problem that affects people emotionally and often result in the death of thousands of people annually. Some may say that poverty can be caused because one’s poor choices but little did they know, it is simply because of the social and economic effects that society plays on them. Social and economic effects such as discrimination, financial constraints and the lack of opportunities available to those in poverty are just some of the common setbacks that people who undergo poverty deal with on a daily basis. The first factor that leads to the condition of poverty is discrimination.
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). At the same time unemployment impacts the economy and the society. Economy experiences decreased spending power of the families and extra expenditure on unemployment benefits, the society meets changes in the mental health, crimes and violence, standard of living and others. There were many studies conducted on dependencies and mechanisms of unemployment. Unemployment can explained by many factors as well as inflation.
This is another upcoming trend in working life of future generation. One job for most of the life will be unavailable for the majority of people and they will eventually shift to working on fixed-term contracts. The idea of being unemployed will be understood as being between jobs, and it will become a part of life of almost every man on earth. Freelance is tempting as you work for yourself and you choose how much and when to work. It allows people to manage their time and power and be fully responsible for their decisions considering working
These migrants are often without documents because they are unable to legally migrate within China. This leaves many unidentifiable women vulnerable to sex trafficking (Conoway, 2010). This show that women, in desperate situations jobless. The economic liberalization and the jobless that followed ultimately contributed to a large surge in sex trafficking as another source of income for unemployed men (Conoway ,2010). Poverty among people also make women in desperate to find the job to survive in daily life.
In particular, high population growth has resulted in higher levels of unemployment. The education system produces skills that are not valued by employers, while raising the expectations of those who acquire them. Consequently, the unemployed do not take up existing job vacancies, and employers are unwilling to hire available candidates (Njonjo, 2010). The mismatch is more marked for school leavers and graduates who have just finished school, partly providing an explanation for the high unemployment rate among youth and new entrants into the job market. The suggested remedy is to reform the education system and increase focus on technical education and vocational training, matching them to the needs of the job market (Coenjaerts et al.