Unemployment refers to the the state of being unemployed or not having a job i.e. joblessness. A person is said to be unemployed if he or she is looking for work or is willing to work at the prevailing wage but is unable to find the job.
Our country is set to be progressing by leaps and bounds in the matter of economy but this progress is low sided that the net results is the sharp increase in the number of unemployed. Population of our country India is increasing day by day. It is the second highest populous country in the world. Today ,we have over 1.15 billion people in our country and so is the increasing unemployment rate. Today, we have both educated and uneducated unemployed people. We have skilled and unskilled unemployed youths both in the urban and the rural areas. Even degree holders are unemployed. The main cause of unemployment is the growing population. Other factors are Recessions, Inflation ,corruption, disability, and nepotism.
Causes of Unemployment are as follows:
Increasing Population i.e. High population growth.
Recessions.
Inflation.
Corruption.
Disability to do the job.
Nepotism.
Demand of highly skilled labour.
Attitude towards employers.
Undulations in the business cycles or agricultural sector comprising of the factors such as low production, natural calamities such as drought, famine or any natural disaster.
Unsatisfied incomes or salaries of the employees.
Willingness to work: Young people are not ready to take jobs which are considered to be socially degrading or lowly.
Deterioration in Industry and business.Effects of Unemployment:
Low economic growth.
Unemployment can lead to emotional and mental stress.
A person can also get demoralized, he can do wrong things like he can indulge in the habits like alcohol and drug abuse or even may commit suicide.
Higher income income inequalities and disparities leading to nothing but poverty.
Remedies And Solutions to unemployment:
The main remedy lies in the Rapid Industrialization.
The need of faster economic growth to generate more jobs.
The need of improvements in the education and training provided to the youths with a greater focus on vocational skills and self employment.
The Government support to struggling industries is necessary to try to save jobs.
Cuts in real wages is also a way to help in reducing the problem of unemployment.
Promoting education especially female education and motivating people to have small families.
The problem of unemployment is a really a very dangerous and ticklish problem. Unemployment check is very necessary and needed to be removed for the betterness of one and all.
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