Question

Explain any five effects of unemployment.

Answer 1

 Unemployment reduces the national

productivity.  It reduces the national wealth.  In some countries

some allowances are paid to unemployed.  So national funds are used up.

Unemployment increases unrest.   Also the expenditure on health and medicine of the unemployed is a burden.

 Unemployment causes people to become thieves and terrorists.

So more vigilance, police will be required to maintain peace.  Also

unemployment means there is a scope of increase in the economy if they work too.

 Unemployment shows as a bad indicator on the economy of the

country.  It also shows whether the economy is progressing or not.

Unemployment shows that the economy of the country is not growing

proportional to the country's population.  So modernization is required

and more investment is needed.

 Unemployment means the education is not good enough for employment and

skills imparted are not enough.  Also, more fields of employment are to be

explored.  It also means that some important fraction of national wealth

and time and  effort is getting wasted.  There is a possibility

of revolution if the problem is too serious.