Mr. R. Pillay
Development of the self in society
The problem of unemployment is one of the most serious long-term economic problem challenges in the past decades. Unemployment is a major cost to the economy not just in the terms of lost production, but it also involves major, long-term social cost such as increased inequality, poverty, family problems, crime and social division.
One of the major economic debates of recent decades has been what should be done in order to reduce unemployment. There are major differences of opinion among economists about both what has caused the increasing level of unemployment during recent years, and what policies that might be used to reduce unemployment in the years to come.
2. Causes of Unemployment
2.1. Lack of education:
Lack of education is major issue in our community and around the world. This is because of: Poverty-
Parents cannot afford to send their children to better schools and provide them with sufficient education.
Lack of facilities at schools-
Schools that the poor send their children have no desks, chairs, books, etc. and these children cannot work under trees. There are on-going strikes that affect the students’ education.
Drugs have always been a major issue around the world. Students are exposed to drugs and there addiction leads them to dropping out of school and begin working in order to be able to afford more drugs.
Teenage pregnancy is not always the cause of lack of education, where some girls abort the child and move on with their lives, others on the other hand do not have the “heart” to leave their child and thus leave school.
HIV/AIDS is a very common disease. Many people who have this disease remain unemployed due to the inability to work, remain focus and provide the best quality of work required by the business. Businesses need to move on in order to make a profit and cannot depend on workers with HIV/AIDS who miss work often and cannot keep up with the standards of work that is expected.
3. The impact of unemployment
3.1. Local communities
Poverty has a direct impact on the economy. An increase in the number of unemployed people leads to an increase in the number of people who are dependent on social assistance/welfare programs. In other countries such as South Africa, one would get a free house, free primary education, free health care and a limited amount of free electricity and water. This puts a large burden on the countries taxpayers and takes a huge chunk out of the countries budget. This coupled with the fact that we now have a reduced number of taxpayers.
3.2. Global communities
It causes high increase rate in poverty and crime. Unemployment adversely affects our community because less income is being brought into the community to spend at local shops and businesses. Also, there are more foreclosures bring property values down because less people can afford to pay the mortgage. Poverty is already an issue around the world, unemployment contributes towards it in a pessimistic manner, where employment is supposed to reduce poverty, and the lack of employment is the main causes of poverty. Crime is caused by both unemployment and poverty, the crime rates have been increasingly rapidly and statistics show that the main reason is unemployment and poverty.
4. How to combat unemployment
How I will address unemployment
-Essentially better education.
Protest and write letters to the government to use the tax money on better education for the under privileged and unfortunate.
-Investment to create more job opportunities.
-Fostering economic growth in the country.
-Tourism is a prominent job creator because of the many opportunities for semi skilled labor, and because South Africa's people are...
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