Advantage and Disadvantage of Unemploym

Topics: Unemployment, Economics, Monetary policy Pages: 3 (833 words) Published: November 10, 2014
Advantage and Disadvantage of Unemployment.

To anyone who suffers from unemployment, this would be a hard time for them in order to support their living. However, an economist is looking at unemployment is a necessity to maintain a balance economy. Therefore there are advantages and disadvantages of unemployment in a country. The disadvantages of unemployment are as clear as water to most people in the society even if they did not study economy. Deprived of a job meaning lacking of income, if the society is jobless eventually affects the healthy economy due to insufficient money to spend. Therefore, it will also affect the demand and supply of goods and services in the market, insufficient money to pay tax, and often requesting financial help from government such as food coupons and monthly income. Moreover, in economy point of view is usually seen as economy downturn in the country itself. The reason behind this situation is due to economic delinquent that influences the entire country. This also causes many workers lose their jobs and unable to sustain their life and it is protracted the whole economy of one country. Next, high unemployment rate in a country not only bring disadvantage for those who suffered from unemployment and creates a big economy downturn. However, it is a problem for employee who is still working inside an organization. This is because it becomes an encumbrance as long as the money for government facilities in the way of taxes, cascade tremendously upon those laboring when huge numbers of people are still unemployed. Moving forward, there are advantages of unemployment in a country too such as from the perspective of an employer, a high redundancy generate benefits. For example, it brings them an extensive of candidates for jobs interview which is available, and it helps to lower down the quantity of salary that an employer needs to offer their workers. In economy point of view, high redundancy generates a labor surplus. In...
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