Explain the concept of Unemployment. Describe in detail the causes and remedies of Unemployment.
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Answer:-
When a person actively searching for a job but can't find one is called unemployment. it is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate.
Causes of unemployment:-
✓1. The large number of technological advancements:
Today we live in an age of technology. Previously companies required a lot of labor in order to perform tasks for them.but nowadays due to advancement of technology it has become easy to do work using technology
Jobs have become increasingly specialized:
Big companies provide their employees with a large number of benefits and facilities. It is for this reason that when looking for employees, they have a large number of specifications.
Unless a person fulfills all the requirements, he or she will not even be considered for the position at hand.
3. Companies prefer hiring few people on board:
Previously top companies hired a large number of people so as to ensure that all the jobs get done in a proper manner, within the stipulated deadline.
However nowadays, companies prefer to hire as few people as possible on board. This is so that they do not have to spend too much money on salaries and secondly so that their trade secrets do not go out. They are only willing to hire those people who they trust and are entirely sure of.
4. People voluntarily choose to remain unemployed:
There are many individuals out there who are very specific when it comes to choosing jobs, simply because they do not work in a company which they would not like to mention on their CV, in the future.
On the other end of the spectrum, there are those individuals who are willing to take up any job as long as they are getting a salary and job.
The first kind of people prefer to wait for the right job to come along and that is why they end up being unemployed
5. A higher literacy rate among men and women:
Till a few years ago, the literacy rate the world over was not very high at all. However nowadays more and more people from even the rural regions are coming forward in order to receive an education.
In addition to this even women are being encouraged to come forward and study so that their future is bright and promising. It is very sad indeed that because so many people are educated, the number of jobs are falling short
Unemployment:
1. The creation of more job opportunities:
The work force of any country usually makes up a large part of its population. In order to cater to the needs of its people, all countries should ensure that they create many job opportunities so that all the people who are eager to work, get the chance to do so.
2. Individuals should be encouraged to enter diverse fields:
Many of us would know that from a very young age, we are made to choose from very specific job options. Most often than not, our parents encourage us from a very tender age to become either doctors or lawyers or are encouraged to dream big.
Hope it helps you❤❤
Mark me as brainliest if you like it❤❤
Answer:-
When a person actively searching for a job but can't find one is called unemployment. it is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate.
Causes of unemployment:-
✓1. The large number of technological advancements:
Today we live in an age of technology. Previously companies required a lot of labor in order to perform tasks for them.but nowadays due to advancement of technology it has become easy to do work using technology
Jobs have become increasingly specialized:
Big companies provide their employees with a large number of benefits and facilities. It is for this reason that when looking for employees, they have a large number of specifications.
Unless a person fulfills all the requirements, he or she will not even be considered for the position at hand.
3. Companies prefer hiring few people on board:
Previously top companies hired a large number of people so as to ensure that all the jobs get done in a proper manner, within the stipulated deadline.
However nowadays, companies prefer to hire as few people as possible on board. This is so that they do not have to spend too much money on salaries and secondly so that their trade secrets do not go out. They are only willing to hire those people who they trust and are entirely sure of.
4. People voluntarily choose to remain unemployed:
There are many individuals out there who are very specific when it comes to choosing jobs, simply because they do not work in a company which they would not like to mention on their CV, in the future.
On the other end of the spectrum, there are those individuals who are willing to take up any job as long as they are getting a salary and job.
The first kind of people prefer to wait for the right job to come along and that is why they end up being unemployed
5. A higher literacy rate among men and women:
Till a few years ago, the literacy rate the world over was not very high at all. However nowadays more and more people from even the rural regions are coming forward in order to receive an education.
In addition to this even women are being encouraged to come forward and study so that their future is bright and promising. It is very sad indeed that because so many people are educated, the number of jobs are falling short
Unemployment:
1. The creation of more job opportunities:
The work force of any country usually makes up a large part of its population. In order to cater to the needs of its people, all countries should ensure that they create many job opportunities so that all the people who are eager to work, get the chance to do so.
2. Individuals should be encouraged to enter diverse fields:
Many of us would know that from a very young age, we are made to choose from very specific job options. Most often than not, our parents encourage us from a very tender age to become either doctors or lawyers or are encouraged to dream big.
Hope it helps you❤❤
Mark me as brainliest if you like it❤❤
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