describe the effects of unemplyment in India.
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Not only unemployment problem suffers the economy, even there are many social affects too. The following are some of the social affects of unemployment:
Loss of skills: when there is unemployment in the society, people loose their skills due to no usage and it causes human capital loss.
Mental illness: There will be loss of self confidence, frustration, negative attitudes towards common things when there is loss of income, and a person’s self-esteem gets hurt due to these mental illnesses.
Financial obstacles: Unemployment brings financial obstacles in the family. People cannot meet their financial obligations on time and it brings frustration among family members, brings tension at home and may leads to suicides .
Increase crime rate: When there is unemployment in the society crime rate increases. When people don’t have disposable income they can go to any extent like theft, robbery and also murders in order to survive their livelihood.
Political instability: Due to unemployment people lose trust on government and their administration and this may bring political instability.
Insecurity among existing employees: when the economy is facing unemployment problem it brings insecurity among the existing employees and their purchasing power decreases due to fear or insecurity on their jobs.
Poor standard of living: Unemployment causes poor standard of living as competition for jobs will increase and people accept for less salaries and their standard of living will decrease due to their low income.
Employment Gap: Unemployment brings employment gap in the companies for hiring a suitable person and for an individual who is out of job has to find another one in difficult situations.
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Loss of skills: when there is unemployment in the society, people loose their skills due to no usage and it causes human capital loss.
Mental illness: There will be loss of self confidence, frustration, negative attitudes towards common things when there is loss of income, and a person’s self-esteem gets hurt due to these mental illnesses.
Financial obstacles: Unemployment brings financial obstacles in the family. People cannot meet their financial obligations on time and it brings frustration among family members, brings tension at home and may leads to suicides .
Increase crime rate: When there is unemployment in the society crime rate increases. When people don’t have disposable income they can go to any extent like theft, robbery and also murders in order to survive their livelihood.
Political instability: Due to unemployment people lose trust on government and their administration and this may bring political instability.
Insecurity among existing employees: when the economy is facing unemployment problem it brings insecurity among the existing employees and their purchasing power decreases due to fear or insecurity on their jobs.
Poor standard of living: Unemployment causes poor standard of living as competition for jobs will increase and people accept for less salaries and their standard of living will decrease due to their low income.
Employment Gap: Unemployment brings employment gap in the companies for hiring a suitable person and for an individual who is out of job has to find another one in difficult situations.
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Effects are many which are seen in day to day lives--
**Wastage of manpower
**Less development of homes
**Poverty definitely arises in that family
**Sometimes health related problems start occuring as if any person is in poverty,he/she will be a food insecure also...that's why health problems too occur
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