Preview

How Does Unemployment Affect Society

Powerful Essays
Open Document
Open Document
1652 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Does Unemployment Affect Society
Employment: To what extent has unemployment affected society?
Unemployment means being out of job or a situation where the individual is willing to work but has none. The government and the nation suffer due to unemployment. In many countries the government has to pay the unemployed some benefits. The greater the number of the unemployed or the longer they are without work the more money the government has to shell out. Therefore, the nation not only has to deal with the lost income and decreased production but also with additional cost.

Global Perspectives:
United States of America Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors
…show more content…
In a country such as U.A.E it’s hard to live without a job or money, a report once showed that 53% of the UAE population is employed while 19.9 % has no desire to work but it is rare as people without money simply cannot survive here and most residence not being local without money decide to go back to their homelands. And also due to UAE winning the expo 2020 has reduced a lot of unemployment, let’s take the labours for example, they come to UAE to work so they can provide their families with money back home, since most of them are uneducated they do not get paid much but they do the most for the …show more content…
Promote agriculture and farming mainly in rural areas to improve employment opportunities also Promote exports instead of imports in order to increase on national income which can lead to future employment opportunities.
Another way is to extend credit facilities mainly in rural areas to help the poor get access on finance through loans and grants in order to start their own jobs.
Governments could provide free education to its underprivileged citizens so that they can get a degree and qualify for jobs and would help them to have a better future and the government can also give loans to the poor enough for them to get a job and home which they can pay back once they have stable salary in a way the government is helping them start their lives like normal people and this also reduces unemployment in a great way

Personal response

You May Also Find These Documents Helpful

  • Powerful Essays

    We should offer more jobs and work with different organizations to build a stronger economy. Giving people a chance to work for themselves instead of giving them the things they need.…

    • 992 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    There are many different age brackets, genders, and ethnicity that make up unemployment in the labor force. Some of the same people who were once in the labor force also make up the workers who are not counted in the labor force anymore. Unemployment is important to the economy and the society that we live in because the more people without any jobs and/or not having a legitimate source of income will increase crime, poverty, political unsteadiness, downgrade health standards, and mental health problems. Unemployment can also cause underemployment which is not good for the economy. Underemployment, in one of its usage, is defined as the employment of workers with high skill levels (college degree or many years of experience) working low wage jobs that do not require any of their skills. Therefore, someone who is a doctor who could save many peoples lives is reduced to working at a fast food restaurant. That means that there is one less doctor in the economy that could be using their skills for a cause instead of having their skills go to waste. Even though all these things just stated are all dreadful things, there are some advantages from unemployment. Unemployment is one of the factors that keeps inflation from being high and/or accelerating. According to the Phillips curve, unemployment and inflation have an inverse relationship. Therefore, when inflation goes up, unemployment goes down and vice-versa. Also, the natural rate of unemployment theory or the Non Accelerating Inflation Rate of Unemployment (NAIRU) states when unemployment goes above the equilibrium, the inflationary expectations rise which causes inflation to accelerate; when unemployment goes below the equilibrium, the inflationary expectations fall which causes inflation to decelerate; when unemployment equals the equilibrium, the inflation rate tends to stay the unchanged unless something from outside the…

    • 1534 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Economic Adviser Paper

    • 1082 Words
    • 5 Pages

    Unemployment basically means that individuals have less money and that usually means that there is less demand in the economy. This results in a shift in the aggregate demand curve which is the total amount of goods and services demanded in the economy at an overall price level and time period. The aggregate demand curve represents the relationship between price levels and quantity of output that individuals are willing to provide. The reason unemployment remains high comes from a lack of demand. An aggregate demand downfall is the kind of problem monetary policy can address. We need powerful and continuing monetary stimulus to move toward maximum employment and price stability. This shifts the aggregate demand curve to the left.…

    • 1082 Words
    • 5 Pages
    Better Essays
  • Better Essays

    One sociological perspective on unemployment can be taken from the famous Functionalist Theory. Functionalists believe everything serves a specific function in our society and these functions need to be understood (Kendall 23). The theorist behind functionalism is Durkheim. Durkheim’s concern was how to preserve society. The basis for social order was not economic, but rather moral. In a functionalist society, everyone has a role and a purpose. In order for this theory to be successful, the individuals in a…

    • 1834 Words
    • 8 Pages
    Better Essays
  • Better Essays

    When people are unemployed, the entire country is affected. The more individuals who are out of work, the less money that is spent on material items, such as houses, cars, as well as other high ticket merchandise, which can lead to more people losing their jobs since the economy becomes volatile. This is where the government steps in to collect data regarding the unemployment in our country. (United States Department of Labor, Bureau of Labor Statistics, How the Government Measures Unemployment)…

    • 1795 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Unemployment vs. Inflation

    • 1140 Words
    • 5 Pages

    Unemployment is harmful to both individuals and society as a whole. obviously when an individual is unemployed, he or she is unable to earn money and thereby their standard of living decreases. In terms of the economy as a whole, unemployed workers are seen as wasted production capability. These are people that could be working and contributing to the GDP, but instead are having the opposite effect. Unemployed people also are far less likely to spend money, reducing the overall wellbeing of the economy as well. A certain level of unemployment is normal and natural though.…

    • 1140 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Unemployment in America

    • 1267 Words
    • 6 Pages

    The unemployment rate is important to us because it is one of the ways in which we measure economic health and gauge the economy’s growth rate. The effects of unemployment do spill over into other areas of the economy. When people are jobless, they have less disposable income causing a lower demand for nonessential goods and services. With lower spending by consumers, firms may be forced to look at ways to cut costs in order to stay afloat. One way to reduce expenses is to lay off more workers, resulting in a seemingly endless cycle as even fewer families are able to spend money to rejuvenate the companies’ business levels.…

    • 1267 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter 4

    • 367 Words
    • 2 Pages

    There is an economic cost of unemployment. When the economy fails to create enough jobs for all who have the necessary skills and are willing to work, potential production of goods and services are irretrievably lost.…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The topic of unemployment has always been a subject that sparks interest in a conversation. Being unemployed can lead to a life of misery, like the snowball rolling down a mountain only to grow with every roll. From unemployment, people live in poverty and sleep on the streets, starve and may even develop health issues, purely because they were never able to provide a living for themselves. Being without a job is a gateway to a variety of terrible living situations.…

    • 246 Words
    • 1 Page
    Good Essays
  • Good Essays

    Unemployment- Economics

    • 758 Words
    • 4 Pages

    Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force.…

    • 758 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Cyclical Unemployment

    • 436 Words
    • 2 Pages

    An economy with high unemployment is not using all of the resources, specifically labour, available to it. These unemployment benefits include unemployment insurance, unemployment compensation , welfare and subsidies to aid in retraining. Societies try a number of different measures to get as many people as possible into work, and various societies have experienced close to full employment for extended periods, particularly during the Post-World War II economic expansion .…

    • 436 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    References: M. Nils Peterson & Jianguo Liu, 2008, Impacts of Religion on Environmental Worldviews: The Teton Valley Case, Society & Natural Resources: An International Journal…

    • 4033 Words
    • 11 Pages
    Better Essays
  • Good Essays

    First of all, population needs to be controlled. Population is skyrocketing where countries are unable to provide employment to every citizen. Government should encourage and support them to initiate their business by implementing their skill and knowledge. For this government should provide provision of business loan in reasonable interest rate. Likewise, the culture of favoritism in workplace should be abolished. Young, diligent, ambitious should give opportunities to work. Additionally, there should be development of idea of respecting low level jobs and encourage child of their family and schools that experience can be gained from the bottom…

    • 829 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Causes of Unemployment

    • 1783 Words
    • 8 Pages

    Unemployment takes a big chunk out of the nations spending. When people can not pay , taxes rise sky high , to pay the…

    • 1783 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Foreign Capital

    • 447 Words
    • 2 Pages

    The capital available to any country other than the domestic capital in order to finance any domestic purpose is called foreign capital.…

    • 447 Words
    • 2 Pages
    Good Essays