unemployment

Good Essays
Unemployment

Gina
July 23, 2013
Economics
Word Count: 2,112

Table of Contents

What is unemployment?........................................................................................................................................3

The Causes and Types of Unemployment……………....................................................................................................................................3-5

Effects of Unemployment..................................................................................................................................6-9 Social............................................................................................................................................................6-7 Cultural.......................................................................................................................................................7-8

Political.......................................................................................................................................................8-9

Conclusion……………………………………………………………………………………………………………………10

Works Cited………………………………………………………………………………………………....………….11-12

What is unemployment?

Unemployment, in the general sense of the word, means the dearth of jobs for those who are able, willing, and searching for a job. Hence, those who are not eligible (< 14 years old) and those who can not work (roughly 65 >) are discounted from the unemployment line (Dwivedi, 493).

Causes and Types of Unemployment

Causes for unemployment can be as objective as subjective. In this century, outsourcing and insourcing seem to be part of the cause (The Causes of Unemployment, eagleforum.org). Outsourcing is displacing high end jobs to low wage foreign countries to give companies more profit. By outsourcing



Cited: "Business Cycles, Unemployment, Inflation."Harpercollege.edu. N.p.. Web. 24 Jul 2013. . D. N. Dwivedi, .

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