The definition of structural unemployment is the unemployment that results from structural changes in the economy which results in a long run mismatch of jobs being offered and skills of the labor force. The definition of poverty is the conditions of people who have very low incomes. As a single measure to help reduce structural unemployment and alleviate poverty we would recommend empowering the low income sector of the population with ‘free’ basic education and training. Free basic education
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in 1994‚ South Africa has witnessed the acceleration of its already high unemployment rate. South Africa currently has one of the highest unemployment rates internationally. This is the culmination of a long-term‚ yet steady‚ rise in unemployment that started as early as the 1970s (Seeking and Natrass 2006)‚ but which has rapidly accelerated in the post-apartheid period. South Africa as a developing country has faced a crisis of the high rate of unemployment in recent years. In the South African labour
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The unemployment rate is the number of people actively looking for employment divided by the labour force. The labour includes adults over the age of 16 who are employed or actively looking for work. The unemployment rate fluctuates because the previously unemployed people start looking for work‚ people who were employed lose their jobs and others stop looking for jobs. South Africa’s unemployment rate at the moment is 25.2%; the number of unemployed people is 4526 divided by the labour force of
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South African Unemployment The Republic of South Africa‚ while certainly taking forever to do so‚ made monumental leaps with regards to civil rights when in the early 1990s when the government repealed Apartheid legislation and had its first universal elections held in 1994. A quick look at GDP numbers and you would find that South Africa has the largest economy in Africa‚ and so without delving deep into it one might think that the economy and country have been prospering post Apartheid. After
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During the 1970’s-1990’s the increase in the rate of unemployment in Australia can be explained through the combination of increasing real wage rates and a slow rate of output growth. The reason behind such prolonged periods of high unemployment was due to our inability to reverse the effects of the sudden unemployment rate shocks fast enough (prolonged recovery periods) which resulted in Australia experiencing high levels of long-term unemployment. In May 1997‚ 30% of unemployed Australians had been
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South Africa has had a pervasive unemployment problem for the past forty years (Lam‚ Leibbrandt‚ & Mlatsheni‚ 2007). According to the Quarterly Labour Force Survey conducted by Stats SA (2012)‚ of the 10.4 million South Africans within the ages of 15 and 24 years‚ 3.3 million (31.6%) are not in employment‚ education or training (NEET). The South African government realized that unemployment‚ inequality and poverty in South Africa are a problem and thus appointed the National Planning Commission
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Structural Unemployment The unemployment has being a big issue for United States since the big recession started in 2008. According to the United States Department of labor the unemployment rate is 8.2 percent for may 2012‚ in others words‚ around 14.000 million of people in USA are unemployed; however‚ and spite of the great necessity of unemployment people for finding a job there are approximately 3.500 million of open jobs that cannot be fill because of the mismatch of labor force’s skills and
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and to benefit from sound governing policy. Broadly speaking policy consists of three overhead functions which are: policy making‚ policy implementation and policy analysis and evaluation. The task of this assignment is to concentrate only on policy-making with particular reference to the elimination of the high crime rate in South Africa. The policy-making process has three main steps‚ namely policy initiation; policy formulation and policy approval. Policy making‚ is one of the six administrative
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The structural unemployment in the Bahamas Tourism and banking which are the Bahamas’ primary and secondary industries are owned by foreign sectors‚ the gross domestic product is at $3065130000 and total household income is at $1793372500. The Bahamas suffers from Dualism which is the doctrine that reality consists of two basic opposing elements‚ often taken to be mind and matter (or mind and body)‚ or good and evil. There should be a dualism by types of ownership whether a foreign sector or Bahamian
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Nowadays‚ unemployment in the Philippines has worsened. Unemployment is the condition of a person who is able to work‚ is actively seeking work‚ but is unable to find any. Others lost hope and all they want to do is stay at home and do nothing. However giving up is not an option today‚ because nothing better will happen if we do so. Since graduation is fast approaching‚ we are about to free the challenge of finding a suitable course in college. Here are few points to remember before making a decision
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