ipl-logo

Essay On Unemployment In Malaysia

812 Words4 Pages

Unemployment Rate
Unemployment is the condition of willing workers lacking jobs or ‘‘gainful employment’’. In economics, unemployment statistics measure the condition and extent of joblessness within an economy. A key measure is the unemployment rate, which is the number of unemployed workers divided by the total civilian labor force.
Unemployment is an important issue in developing countries especially in Malaysia. High unemployment means that labour resources are not being used efficiently. Hence, full employment should be a major macroeconomic goal of any government because it maximizes output.
Inefficiently of using labor resources will cause to high unemployment rate. The result shows that the economics in Malaysia is better with high employment. In economics, unemployment statistics measure the condition and extent of joblessness within an economy. A full employment should be a major macroeconomics goal because it maximizes output. For many years, the manufacturing has been the strongest sector in the country until it is now being progressively replaced by the service sector. The statistic shows the unemployment rate in Malaysia from 2011 to …show more content…

To realize this developed nation, Malaysia must overcome the unemployment crisis. Most of the citizens of Malaysia is oblivious to the fact that the reason for unemployment are not caused only by the government but also the people of Malaysia. Besides that, the companies’ high requirement and demand for their employees in Malaysia, the graduates and the unemployed people have equally high expectation for their jobs in terms of salary, benefits and others of the company. Hence, a lot of people would rather further their studies than settle for the lower salaries jobs. Graduates must eliminate the misconception that the higher their academic qualification, the higher the salary of their job since it is a very incorrect and false

Show More
Related

  • Analysis Of Unemployed Mami, By Willie Perdomo

    1112 Words  | 5 Pages

    There is only one person in our lives who loved and protected us from the moment that we born, our mothers. Thinking about that important person, Willie Perdomo wrote the poem “Unemployed Mami” in 2002 as part of the book Postcards of El Barrio (Poetry Foundation 2015). In “Unemployed Mami” and Postcard of El Barrio the author explores the culture, traditions and even the patriarchy that characterizes Puerto Ricans. Moreover, Perdomo shares the life of a son and the life of his beloved unemployed mother, in a time where women stayed at home without having a job, living from what their husbands earn. In order to enjoy and appreciate the content of this poems it is important to discuss what it means, where it takes place and what it tells about Perdomo’s life.

    Read More

  • Alethea Spiridon Generation Debt Analysis

    1060 Words  | 5 Pages

    Student loans pose as a suitable way out of this issue as it provides a pathway for those of lower- or middle-class to pursue further education; however, this puts the individual in serious financial debt. The author effectively suggests that since the individuals who choose to pursue higher education will ultimately use that knowledge to help their society then society should realize the value of education and fund any associated costs. Everyone should have fair financial access to post-secondary education so that it is not deemed a “luxury good”. All individuals ultimately have the same cognitive competencies therefore one individual should not be restricted to certain “lower class” profession solely due to financial

    Read More

  • Is College Worth All The Time

    470 Words  | 2 Pages

    “ The U.S. has been transformed from a manufacturing based economy to an economy based on knowledge.” The economy change makes it hard for people who were planning on going into manufacturing jobs. Even those who aren't looking into a manufacturing job is still finding it difficult to find a job. With the economy the way it is its making everyone more competitive when it comes to job hunting. “ The global economy is becoming increasingly more competitive, and in order to give yourself a chance for a well-paying job, you must first understand the importance of a college education.”

    Read More

  • A College Education Is Worth The Cost

    1309 Words  | 6 Pages

    Education – An investment and stewardship Benjamin Franklin once said, “An investment in knowledge pays the best interest”. However, in today, some people opine that college education is a worthless investment and waste of time. Against this opinion, law professor, Rodney K. Smith, in his USA Today essay in December, 2011, “Yes, A College Education Is Worth The Costs,” analyzes the importance of education in providing people with job and benefits. His first goal is to raise awareness of the correlation between the educational attainment and income as well as unemployment rate.

    Read More

  • Charles Murray's Essay: Should Everyone Go To College

    622 Words  | 3 Pages

    People being educated can be a great influence to people in today’s society. Charles Murray believe that a college degree is like a “a price ticket for employees”. The two reasons Murray says is that “employees do not value what students learned, just that the student has a degree” the other reason is “employees do not even look at applicants who have no college degree”. College is beneficial and plays a big part because we can gain more knowledge and learn how to be a responsible young adult and about our own

    Read More

  • Is College Worth The Cost? Many Graduates Don T Think So By Selingo Summary

    479 Words  | 2 Pages

    Strengths of the article was presented by statistical data on wages, unemployment rate, and the increase of higher education as well as in debt. Weaknesses were on how the author stated its opinion that a bachelor’s degree is not worth it because at the students are still failing to become

    Read More

  • University Of Maryland Mission Statement

    1133 Words  | 5 Pages

    As a result, more people enroll in higher educational institution in high demand. Recession usually leads to unemployment with blue-collar position, and the ripple effect of people not paying their bills (mortgage, credit cards, etc). Therefore, it can be concluded that recession affects the economy in a major way. However, people’s need to learn a new skill and/or obtain an advance degree to secure their employment helps university to strengthen their numbers in attendance and improve their academia to benefit their student and the

    Read More

  • An Analysis Of Andrew Delbanco's Essay 'Making It In America'

    1388 Words  | 6 Pages

    Delbanco explains how students have changed their reasons for attending a college when he states, “...yet on the assumption that immersing themselves in learning for the sheer joy of it, with the aim of deepening their understanding of culture, nature, and, ultimately, themselves, is a vain indulgence” (222). Secondary education has become too expensive for learning to be an indulgence. Students only go to college to get a degree in order to gain a high paying career. Davidson explains how dire the situation with low paying job is by saying how the process should work, “Only through productivity growth can the average quality of human life improve” (339). Unfortunately, the productivity growth only leaves a bigger pay gap.

    Read More

  • Student Loan Forgiveness

    1994 Words  | 8 Pages

    And in between, students are driven to take low paying and high paying jobs against their own consent, their interests are altered, personal decisions must be taken according to financial situations, and people dare to reject education (Choi, 32). Student loan debt weighs on billions of shoulders in the world and it is nearly impossible to be oblivious to all the harm that it has done and all the factors it takes part in affecting that it shouldn’t. If awareness could be raised and colleges would only consider to at least reduce tuition rather than eliminate it, that would still help do the nation well and commence improvement. An education must serve to inspire imagination and to motivate creativity in as many fields as possible. A society that is excellent is a society that presents opportunities for each and every member.

    Read More

  • Minimum Wage Issue Essay

    400 Words  | 2 Pages

    Income plays a big role in creating a society that is capable of doing many great things. In the recent years political issues in the states about worker pay has increased tremendously. This national problem has been good for presidential candidates as they can use this to boost their popularity. Some states are already taking action, 13 states plus DC have already increased minimum wage.

    Read More

  • Persuasive Speech: Why You Should Go To College

    626 Words  | 3 Pages

    There is an increase demand for skilled labor in many employers looking to hire. 2. Someone with a degree is looking to find a career that last a long time, rather than someone else looking to find a job that simply just pays the bills. B. You don’t have to settle for less. 1.

    Read More

  • Classical And Classical Economics: The 1929 Economic Crisis

    1116 Words  | 5 Pages

    Increasing savings or declining spending can lead to unemployment. Nowadays we witness the same circle since 2008 global crisis. Each crisis

    Read More

  • Argumentative Essay: Should Everyone Go To College?

    351 Words  | 2 Pages

    After reading this article alters my perception about education. As a result, statistics reveal obtaining a college degree limits being in the unemployed bracket. Achieving a goal is impossible as long as thou is willing to put in the

    Read More

  • Argumentative Essay On Unemployment

    798 Words  | 4 Pages

    These hypotheses contend against interventions forced on the work market all things considered, for example, unionization, bureaucratic work rules, the lowest pay permitted by law laws, charges, and different regulations that they case dishearten the employing of laborers. Notwithstanding these far reaching hypotheses of unemployment, there are a couple of orders of unemployment that are utilized to all the more definitely model the impacts of unemployment inside of the monetary framework. The principle sorts of unemployment incorporate auxiliary unemployment which concentrates on basic issues in the economy and inefficiencies

    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

More about Essay On Unemployment In Malaysia

Open Document