Unemployment Causes

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Basically, there are two main different types of unemployment will affect the world today after the Great Depression that affected the United States of America in the 1930s. The Great Depression is the one of the most serious economic crises that spread all over across the country. The Great Depression had diverse effects in different countries as it would increase the cost of living, raising the taxable earnings of displaced workers, improving their children’s economic prospects, and reducing the growth of the disability rolls, increases the unemployment rates among permanent job losers and the huge increase in long-term unemployment. For example, the permanent job losers (job losers not on temporary layoff) increased from 1.7 percent in November…show more content…
The cause of this trend is the increase in unhappiness or the technical change in their job. One of the most effective ways to combat the rising rates of unemployment is to reduce the number of people who want to quit jobs with the hope of finding better jobs. The government can achieve this goal by increasing the minimum wage rates. This is because we realise that most of the people who quit jobs is due to search for better-paying jobs. The increase in the cost of living has increased demand for better pay. So that, increasing the minimum wage and successive wages of people will ensure that people have the ability to cope with the rising cost of living. As the result, it will reduce the number of people who want to quit their job and also more contribute to…show more content…
As our recommend above, the government should implement the better policies to help reduce the rates of unemployment, which can be done by ensuring that the economy is stabilized, reducing taxes on businesses and creating a conducive environment that promotes business in the country. This is because when people are long-term remain jobless, this will notice majority of these people engaging in illegal acts such as crimes, which will only worsen the current state of economy of the country. Therefore, it is the responsibility of both the government and the private sector to increase the employment levels in the country. And the citizens should also equip themselves with the skills and attitudes that will help them to fit into the job
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