ipl-logo

Unemployment In South Africa Literature Review

1943 Words8 Pages

1. Introduction
Unemployment in the country is not just a situation where an individual is able to work and available for the job market but is unable to find a job, it involves a number of factors being affected such as the economic growth of a country and the continuous raise in prices due to inflation. With the negative impact that unemployment has on the economy of the country it will lead to stagflation which will cause a situation where the inflation rate is high and the economic rate grows at a low pace while the unemployment rate will increase in South Africa.
Based on our investigations the assignment will cover the concepts related to unemployment. Firstly the literature review will consist of a discussion of unemployment and the different types of unemployment, as well as its causes with its costs thereof. This will be followed by the critical analysis of unemployment and its link to inflation and the economic growth is analysed. This analysis will show how it leads to stagflation. An evaluation of the effects of unemployment on the economy as a whole can then be conducted. Recommendations will be indicated on how the government can develop further strategies to improve the country’s economy. Lastly, a conclusion is provided to summarise the text.
2. Literature review

Dornbusch and Fischer (1987:306) describe unemployment as an unemployed individual who simply wants to work but cannot find a job. Looking at the current economic status of the country one can

Show More
Related

  • Technology: Henry Ford's Invention Of The Dust Bowl

    607 Words  | 3 Pages

    1930s Technology “The word ‘unemployment’ has become one of the most dreadful words in the language.” This was a quote by Henry Ford during the early 1930s.

    Read More

  • Great Depression Dbq

    1031 Words  | 5 Pages

    By1930 four million were jobless the number raised to six million in1930. England, Glasgow’s unemployment rose up to thirty percent, but in Newcastle unemployment rate rose to seventy

    Read More

  • How Did The Cold War Affect The Economy

    1000 Words  | 4 Pages

    Low demand during a recession led to unemployment, cap price increases, and lower inflation(Nielsen). When a recession happened, if unemployment rose then inflation decreased and the other way around. This occurs if demand is low, inflation will lower as well just due to the fact that jobs are not needed to fill out a small need. From the years 1970-1985 Unemployment rose and fell between 4.9% to 10%. 1 ⁄ 5 to 1 ⁄ 4 of the nation could not survive on the income they earned(Naranjo).

    Read More

  • Welfare Queen Essay

    604 Words  | 3 Pages

    In order to understand these action, society must avoid a superficial view and take a profound understanding of the root causes of social reality. In the case of unemployment, many belief that people do not want to work; in reality the lack of opportunities, special training, education and the collapse of an economical system could actually lead to economic stress and greater public issues such as unemployment. All these barriers leave the beneficiaries of welfare with the only option of receiving public

    Read More

  • Mental Health Care System Unemployed

    750 Words  | 3 Pages

    (Continue) The unemployed, especially the long-term unemployed, are psychologically more at risk than those who are employed to suffer from psychological illnesses, increasing the number of unemployed patients in the mental health system. (Continue) While efforts have been made to improve the mental health care system, none have fulfilled their intended purpose; to come to a viable solution, one must look at the problems in the mental health system politically, economically, and psychologically.

    Read More

  • Full Employment In Canada

    1099 Words  | 5 Pages

    The more people that work and make an income, the more money people are going to spend. The less people there are working, the less people there are making an income, and then they do not have the money to spend freely. When large amounts of people are unemployed, it will hurt the rest of the economy, creating a cyclical problem. As unemployment rates grow, people are not making enough money to buy more than what is necessary, and because of this, companies will suffer from less consumer demand, and lose business. As they lose business, they may have to make cuts of their own, causing the unemployment rate to once again rise, and a cyclical effect to take place (Ryan, 2015).

    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 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

  • Disability In South Africa

    2161 Words  | 9 Pages

    Disability is defined by World Health Organisation as “an umbrella term, covering impairments, activity limitations, and participation restrictions. Impairment is a problem in body function or structure; an activity limitation is a difficulty encountered by an individual in executing a task or action; while a participation restriction is a problem experienced by an individual in involvement in life situations”. Disability remains a major challenge throughout the world with disabled people facing hostile socioeconomic outcomes than people without disabilities, such as less education, worse health outcomes, less employment, and higher poverty rates (1). Physical disability is defined as: “an acquired or congenital physical and/or motor impairment

    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

  • 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

  • Essay On Unemployment In India

    934 Words  | 4 Pages

    INTRODUCTION Even today, unemployment is one of India’s most crucial socio-economic problems. Unemployment is the phenomenon where a person is not gainfully employed in a productive activity (Sethi and Andrews, 2011). It can be voluntary or involuntary. Voluntary unemployment refers to a person being unemployed by choice and not by compulsion.

    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 Unemployment In South Africa Literature Review

Open Document