Question

Define unemployment and how it cause social problem

Answer 1

Answer:

Unemployment is an economic condition in which individuals actively seeking jobs remain un-hired.The problem of unemployment is a world-wide reality; the developed countries as well as the developing countries suffer from it. With the passage of time it has become worse especially after the recent global economic crisis. It has become a threat to global economic well-being and social development. There are many causes contribute to this global key concern such as increased population, rapid technological change, lack of education or skills and rising cost.

Basically there are five types of unemployment: frictional unemployment, cyclical unemployment, structural unemployment, real wage or classical unemployment, and seasonal unemployment. The level of unemployment varies with economic conditions and other circumstances. The causes of unemployment include increased population, rapid technological change, lack of education or skills and rising cost lead to financial, social and psychological problems.

Unemployment can be due to the rising cost. The rising cost makes it hard for the companies to pay the usual optimum salary for the employees or even the minimum wage in some cases. Hence, the employees reject low wage jobs and leave the companies. Foe example if the price of petrol or electricity has increased this definitely will affect the industries or factories which depend on these energy sources. Moreover, sometimes companies need to cut down the budget due to an economic crisis, industrial decline, company bankruptcy, or organizational restructuring, so the number of employees is reduced or some positions are cancelled which increases the unemployment rates.

There are many obvious and well-documented social problems which are caused by unemployment. Because of the increased spare time and stress there will be an increase in the rates of alcoholism, drug abuse and domestic violence. Moreover, high unemployment often results in increased marriage breakdown, divisions and discrimination in society, suicide rates and crime rates especially among the young .

You can read more about it on https://www.ukessays.com. Its very helpful.