Unemployment
There are two different types of unemployment: voluntary and involuntary. Voluntary unemployment is the result of an individual’s lack of desire to work or reluctance to lose government aid that is received from filing for unemployment. The main cause of voluntary employment is welfare payments. When an individual receives welfare payments through eligibility for unemployment, this sometimes actually reduces the individual’s willingness to work. Involuntary unemployment is the result of job cuts. There are many causes of involuntary unemployment, and many have no solution to be prevented. Inflation is one cause of involuntary unemployment. As prices of production increase, the prices of the goods increase. For example, because the state of America’s economy is in recession, the price of American-made goods is higher than goods produced in other countries with more stable economies. This causes a drop in American exports because American companies are unable to compete with foreign goods produced in more stable economies at a lesser cost. The American companies face decreased...
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