o Taking up jobs on temporarily o Lack of experience o Racial discrimination still occurs in many organization. This is a serious cause of unemployment. People who do not accept a certain race, religion, caste and ethnicity still exist and so the survival of earning money becomes difficult and many are forced to leave the country. Ireland has an extraordinary high rate of unemployment . “It is true that the scale of the construction bubble and subsequent bust in Ireland made a considerable amount of economic pain inevitable, but Iceland outside the Eurozone had an even bigger bust and unemployment is now down to below six percent.” (Yglesias.M ,2014) There are ten countries in the Eurozone that have worst of rate than in Ireland.
During the 1920s, before the Great Depression, the United States were living an age of intense social and political change, known as The Roaring Twenties, where the nation’s wealth massively expanded. However, as the Great Depression took place, the American economy incredibly was vastly reduced. Due to this event, the whole society was affected, especially the workers. As the economy slowed down, the workers’ wages were decreased at a point in which they were even struggling to find enough food. Leo Wolman, an important economist during the 1920s and 1930s wrote in one of his articles that, “The wage history of the current depression is of exceptional interest because of the severity of the decline in wages since 1929” (Wolman).
The percentage of hunger in South Africa is very high, and this problem is not solved till now. This article will explain the hunger problem in South Africa, the causes of increasing the hunger, it affects and the previous solutions attempted to solve the problem. Hunger in South Africa has many causes. The First major cause of hunger is price inflation. According to kitissou (2014), January 2006 till June 2008, was the worst period in South Africa because prices of food were doubled.
Since 1990, the world has reduced the number of people who live in extreme poverty by over half. But that still leaves 767 million people living on the edge of survival with less than $1.90 a day.2 The numbers of world hunger has gone down by a lot, but yet world hunger is still going on. Some of the poorest countries in the world have few to no jobs, and the few jobs that there are, are paid very little each day. Survival is key to these people and with the little money they have, it’s hard to do that. Across the globe, conflicts consistently disrupt farming and food production.
Due to the widespread corruption, the economy of Zimbabwe has declined significantly which result in increasing the poverty and the unemployment rate. However, it is crucial to stress that Zimbabwe is not just a country which only experiencing a normal recession during the global economic crisis. On the contrary, it is a country with severe market inefficiencies which result in a critical economic depression for the past 10 years. http://africaecon.org/index.php/exclusives/read_exclusive/1/2 The existence of rampant corruption in Zimbabwe has led some people to suggest that Zimbabwean are corrupt by nature. This is not true because there is
1. Introduction: Just like any other country in the world South Africa is faced by the problem of Inflation in the economy. Inflation is one of the most important macroeconomic objectives and is supposed to be taken into consideration in any economy, as its effects can be so devastating. According to Mohr and Fourie and Associates inflation is a continuous and considerable rise of prices in general. 2.
1. INTRODUCTION The consultancy Africa Intelligence article by Motlalepule MMesi (28/05/2015), reports that jobless youth is well-defined as those capable to work and looking for occupation, but not capable to secure an occupation. Although youths are understandably less economically active in the traditional sense at the beginning of their worthiness to enter the employment pool. Moreover, according to the standard United Nations definition, “youth” consist of young people aged from 15 to 24 years inclusive (United Nations, 1992). In practice, the in use meaning of youth or young individuals differs widely from nation to nation, reliant on cultural, institutional and political elements, (Higgins, 2009:9).
Those children lack skills and knowledge and all other requirement needed for them to be employed and these results in poverty. And it is also possible for those children to go through the same situations that their parents went through. So in other way poverty can go through generation to generation. The issue of apartheid also lead to poverty as income were allocated unequally. The research which has been done in 2002 to 2011 proved that more than 71.1% of black African children lived in low income household while only 4.2% of white children This was caused by the apartheid laws.
Unemployment Unemployment is referred to those people who are in the labor force had tried to search for job in the past four weeks but they cannot get a job. There are three types of unemployment which is frictional unemployment, structural unemployment, and cyclical unemployment. There are the reasons such as the rapid change in technology, recessions, inflation, and undulating business cycle and so on cause unemployment. The measurement for unemployment is unemployment rate which is the percentages of number of unemployed people divided by the total labor force. According to journal of Neville Otuki, Kenya, East Africa’s biggest economic, holds the dubious distinction of being the country with the largest number of unemployed youth
Unemployment is one of the development problems that face every developing economy in the 21st century. According to the Central Bank of Nigeria (2003), the national unemployment rate rose from 4.3 percent in 1970 to 6.4 percent in 1980. The high rate of unemployment observed in 1980 was attributed largely to depression in the Nigerian economy during the late 1967s. Specifically, the economic downturn led to the implementation of stabilization measures which included restrictions on exports, which caused import dependency of most Nigerian manufacturing enterprises, which in turn resulted in many companies operating below installed capacity. This development led to the closure of many industries, while the few that survived were forced to retrench a large number of their work force.