Advantages and disadvantages of unemploymed
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Unemployment is a major problem in many countries in the world. The recession and the bad economy are making the process of finding a job even harder. Being unemployed for a long period of time may lead to depression, low self-esteem and problems in the family. But, for some it can be beneficial as well.
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Hii,
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- Unemployment benefit programs play an essential role in the economy by protecting workers' incomes after layoffs, improving their long-run labor market productivity, and stimulating the economy during recessions. Governments need to guard against benefits that are too generous, which can discourage job searching.
- Disadvantages of unemployment are:i It leads to wastage of manpower resources. It turns the population into liability for economy instead of asset. It even fills the countrys youth with the feeling of hopelessness and despair. ii It increases the economic load.
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