Cause and Effect of Unemployment. Unemployment is a terrible thing, but unfortunately it is an everyday normality. There are a plethora of reasons why someone ready and able maybe without a job. Every action comes with a consequence however, the causes and effects of unemployment are very potent in life. For example, an individual may lack the proper skills for the hand at task so their job will be In the setup of a modern market economy, there are many factors, which contribute to unemployment. Causes of unemployment are varied and it may be due to the following factors: * Rapid changes in technology * Recessions * Inflation * Disability * Undulating business cycles * Changes in tastes as well as alterations in the climatic conditions The major cause of unemployment in the society is the improper management of the resources and giving unequal status to the people of society. Here are some major causes of the unemployment given below. Unequal Distribution of resources The economic resources are unequally distributed among the people in a society of the nation at large
Causes And Effects Of Unemployment Essay - Words
Unemployment refers to a state of not having a job. Unemployment entails individuals with the ability to work, a resolve to find employment, available and in the hunt for employment Stone Categories of unemployment include classical, structural, frictional, cyclical and hidden unemployment.
Classical unemployment entails a situation in which earnings received for a job go beyond ordinary levels.
This results in limited job vacancies for the many unemployed people. Structural unemployment refers to a situation in which unemployed individuals fail to meet job requirements in terms of skills needed Stone Frictional unemployment refers to changeover phase between jobs. Cyclical unemployment refers to a state in which claims in the economy fail to offer jobs to people.
When claim for goods and services lowers, there is a limited production essay about unemployment cause and effect requires few workers Stone Hidden unemployment refers to unemployment of essay about unemployment cause and effect workers due to errors made in generating statistics on unemployment Stone Unemployment has numerous effects on individuals, society and the economy in general.
Unemployment results from various factors relating to social, economic, environmental, political and individual elements in an economy. Unemployment results from several causes and factors related to an economy. Some causes are due to personal choices while others are beyond individual control Stone People invest many resources in gaining reputable education and eligibility for jobs, but often find themselves with no employment Stone Unemployment results from factors and causes discussed below.
The first cause is inflation. Inflation refers to essay about unemployment cause and effect progressive increase in prices of commodities and services in the economy. Economic inflation is one of the major causes of unemployment Stone Inflation results in a limited market activity by economies that cannot match efforts by others due to escalating prices.
The economy experiences trouble, and progressively employers fire some workers to reduce the cost of production. This result in unemployment among the individuals fired. The second cause is recession. Recession refers to decline Gross Domestic Product GDP of an economy, employment rate and market activity Dawson Economic recession links directly with economic inflation.
Recession results from inflation where people are not able to afford goods and services offered by the economy Stone A decline in production and more imports than exports characterize a recession. These elements influence negatively on GDP of an economy. This results in increased rates of unemployment because many employers refuse to hire while others fire some of their employees Stone Another cause is change in technology.
Rapid change in technology is driving many employers into diversifying and improving the effectiveness of their workforce Dawson Some of technology applied replaces individuals in the production process as some process essay about unemployment cause and effect manually apply through technology.
This leads to several people losing their jobs. Job dissatisfaction is also another leading cause of unemployment Dawson New technology results in some employees being involved partially in production activities, which leads to frustration. Frustrations may lead to employee resignation Dawson This causes unemployment. Another cause is employee worth Dawson Employees put a lot of effort and dedication in their activities but often end up unappreciated by their employers.
This may result to lack of motivation among employees, which may compel them to stop working for their employers Dawson This leads to individuals being unemployed until they find employers who appreciate their efforts. Discrimination in places of work is another cause of unemployment. Discrimination could be because of age, gender, social class, race, religion or ethnic background. Securing a job in such a working environment is extremely difficult and may discourage people from looking for jobs as well essay about unemployment cause and effect forcing those already in jobs to quit Dawson Welfare payments should be discouraged as they reduce the will of unemployed people to look for jobs.
People develop dependency on grants and lack any meaning in employment since they are able to meet their basic needs Dawson Unemployment has both positive and negative effects. However, negative effects of unemployment surpass positive effects Stone Unemployed individuals experience difficulties meeting their basic needs as well as contributing to economic prosperity of their countries Stone In recessions, many people lose their jobs, but companies usually develop mechanisms to produce more goods with limited workforce.
Unemployment leads to effects discussed below. The first effect is loss of income. Unemployment results in individuals losing their source of income and livelihood. Most people in employment use their incomes to get mortgages and other forms of financing Stone Loss of income leads to poor living standards and increased risk on health.
Another effect of unemployment is social exclusion. A work place provides a platform for socialization. When people lose their jobs, their social circle reduces considerably and end up excluded from the social environment. Other social problems associated with unemployment include crime, bribery and gambling Stone Unemployment causes political instability Stone They consider their government as ineffective and incapable of providing the needs of its people Stone Such individuals participate in movements that oppose government policies through riots that result in political instability.
effects of unemployment include over exploitation of available labor, reduced rate of economic growth, reduced human capacity, loss of human resources and increase in poverty levels Dawson One positive effect of unemployment is the availability of adequate labor at reduced market prices, essay about unemployment cause and effect. When many people are unemployed, labor is available at competitive prices because people are always eager to have some income Stone Unemployment has various categories that include classical, structural, frictional, cyclical and hidden unemployment Stone Unemployment results from several factors that vary in terms of the supporting conditions.
Some causes are due to personal choices while others are beyond individual control. Unemployment has both positive and negative effects, although negative effects surpass positive effects. Welfare payments should be discouraged as they reduce the will of unemployed people to look for jobs Stone People should be encouraged to look for a job instead of waiting on grants because they may not achieve financial freedom to satisfactory levels.
In order to reduce the effects of unemployment, essay about unemployment cause and effect, governments should develop and implement policies that regulate circumstances in which an employer can fire an employee Dawson This will prevent victimization of employees by employers who take advantage of weak policies on labor regulation and employee protection. Dawson, Graham. Inflation and Unemployment: Causes, Consequences and Cures.
California: University of California, Stone, Jack. Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences and What Can Be Done About It.
New York: Trafford on Demand Pub, Need a custom Essay sample written from scratch by professional specifically for you? certified writers online. Select a citation style :. Causes and Effects of Unemployment. Table of Contents, essay about unemployment cause and effect. Introduction Causes of Unemployment Effects of Unemployment Conclusion Works Cited.
Learn More. We will write a custom Essay on Causes and Effects of Unemployment specifically for you! This essay on Causes and Effects of Unemployment was written and submitted by your fellow student. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. Removal Request. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda.
Negative Opinion towards Immigrants is not Justified Stress and Burnout in the Workplace. GET WRITING HELP. Cite Essay about unemployment cause and effect paper. Select a citation style : Copy to Clipboard Copied! APA-6 MLA-8 Chicago N-B Chicago A-D Harvard. Reference IvyPanda, essay about unemployment cause and effect. Work Cited "Causes and Effects of Unemployment. Bibliography IvyPanda.
Effects of unemployment
, time: 2:46Essay on Unemployment Cause and Effect - Words | Bartleby
The causes of unemployment include increased population, rapid technological change, lack of education or skills and rising cost lead to financial, social and psychological problems. There are four main causes of unemployment. Firstly, the increased population which In the setup of a modern market economy, there are many factors, which contribute to unemployment. Causes of unemployment are varied and it may be due to the following factors: * Rapid changes in technology * Recessions * Inflation * Disability * Undulating business cycles * Changes in tastes as well as alterations in the climatic conditions · Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment, it has a devastating effect on the individual, family, and economy
No comments:
Post a Comment