Conclusion of Corruption

Topics: Unemployment, Unemployment benefits, Economics Pages: 4 (1533 words) Published: April 28, 2013
Pakistan and its Chronic Unemployment
Pakistan is a nation that has been plagued by many problems throughout it’s more than 6 decades of existence. But one problem that has plagued it persistently is that of unemployment. It has an unemployment rate of 15.4% and ranks on 152/199 on the world employment table. Having one of the world’s largest populations also means that this 15.4% is a very large number in its own right. Now we know some basic problems as to why there is so much unemployment in our country, but there are also some problems that are not highlighted. Unemployment is defined by the International Labor Organization (ILO) as the number of people, over 18, willing and able to find work at a certain wage rate, but unable to find it. The claimant count method states that the unemployed can be found by counting the number of people receiving unemployment benefits in the country. Since Pakistan does not have a solid unemployment benefit system, it is safe to assume that our unemployment is mostly measured by those who want but can’t find any work. Even if we do not know the hard statistics, we can clearly tell how bad the situation is in Pakistan. First and foremost, one of the major reasons why Pakistan continues to have such low employment and is still a developing nation is because of its low literacy rate. It is claimed that Pakistan has a 49% literacy rate, but the only measure of that is the people who can write or sign their own names. This lack of skill and education means, that most of the population is left doing menial jobs such as driving, farming and manual labor because they are not able to find any jobs. With the 6th largest population in the world, and such a high unemployment rate, it is a pity that Pakistan has still not been able to build a proper education system so that more people can change from unskilled to skilled jobs. Due to this structural failure and the people’s own stubbornness to not get their children educated,...

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