Essay On Causes Of Unemployment

29% of the lowest percentage of people making less than $15,000 does not have healthcare coverage. 4% of the highest percentage of people making over $85,000 does not have healthcare coverage. This data shows that the more income the population make the most likely they will have healthcare coverage. Marx would say that this data depicts material inequality of a social group. Marx would see these inequality as inherently unfair, and only exists because the bourgeoisie control the political, economic and social resources while the proletariat do all the hard labor.

He lacks that quality because of “mental deficiency, bad health, alcohol, discrimination.” On that other hand he says “insular poverty” refers to a group “an island” which is poor. They don’t have enough income and their situations are bringing them “below the poverty level.” People don’t have enough income because of lack of education and lack of skills which ends up to unemployment. Galbraith says “The poor gets jobs more easily when the economy is expanding.” He goes on to give a variety of reasons that if economy expands then poor can get jobs easily and problem of unemployment can be solved and if problem of unemployment is solved, poverty automatically will

America is at an impasse with itself over the current unemployment rate and questions about where all the jobs are going. According to Elizabeth Dwoskin, most of these job positions, considered dirty, are being filled by immigrants and not Americans. Americans have found themselves in an uproar about migrant workers taking jobs away from them, but it seems they are hypocritical as they refuse to fill these jobs themselves. In her article “Why Americans Won 't Do Dirty Jobs,” Dwoskin implies that Americans are too lazy to do hard work but complain when immigrants fill these positions. It seems that even when Americans are faced with the threat of homelessness they claim they cannot find any jobs, or rather, they refuse to do the dirty ones.

In the year 2012, studies showed that “approximately 6.24 million people in the United States were unemployed” (“Who are the Unemployed?”), but the unemployment rate is still increasing. The effects of unemployment today are steadily rising, therefore draining the health of the economy nation wide. Welfare programs, minimum wage, and a lack of education lead to unemployment and therefore negatively affect the United States. Unemployment rates during the 1930s dramatically spiked due to a well known economic event that changed United States history, and the rates never returned back to a steady rate. It was the stock-market crash of October 1929 that signaled the slide into the pit.

There are people who work 40 hours a week and are still in poverty; this is a highly prominent issue.The uneven distribution of wealth, known as wealth inequality, is a problem that plagues not only America but also the world. With wealth inequality, there are two main issues and one solution to those issues. The problems are that the wealth in America is unevenly distributed and there people in America who work 40 hours a week and still have very little money. Wealth inequality is the root of all problems faced in America.The solution to this problem is to slightly raise the minimum wage so the lower class will be able to gain wealth. In America the difference of wealth between the top tenth of the one-percent and the other 99% is astounding.

With economic disasters like the Great Depression comes a lot of unemployment and poverty. People like Herbert Hoover wants the economy to bounce back on its own. For these types of plans Roosevelt said, “I have no sympathy with the professional economists who insist that things must run their course and that human agencies can have no influence on economic ills (July 24, 1933: Fireside Chat 3: On the National Recovery Administration). Meanwhile, before the economy will bounce back families like the Beuscher family will struggle to be able to afford anything while they are unemployed. People will have to survive with whatever little money they could come up with.

High mortgage rates destroyed the value of mortgage-backed loans, which is the primary asset of the savings and loans association. The fixed-rate loans were sold at a loss in order to balance withdrawals. That asset liability mismatch was identified as the primary cause of the savings and loan crisis. Jobs were lost and unemployment rose from around 7.5% to more than 10%. The recession caused a loss of 2.9 million jobs, representing a 3% drop in payroll employment.

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.

The U.S. Bureau of Labor Statistics found that about 4.1% of the population is unemployed. This translate to over twelve million people looking for jobs. When employers want to hire people, not have a permanent residency and lacking a mode of transportation makes you look unreliable. When compared to someone else who has a car and place to live, employers don’t have to think twice about who they want to hire. Also many homeless people have a mental illness or disability making them unable to have a job.

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.