Explain three consequences of unemployment
Answers
consequences of unemployment are;
1. unemployed leads to wastage to manpower resources.
2. unemployment tends to increase the economic overload that is dependence of the unemployed on the working population.
3. unemployment lead to increase in social unrest and tension.
Answer:Unemployment also has less-obvious costs and consequences. During periods of high unemployment, people may be forced to take practically any job they can get. College graduates entering the job market during economic downturns may be forced to accept lower-paying, less-attractive jobs below their skill levels. Although this is better than being unemployed, lower wages and slower career advancement can persist for years. Studies show that even 15 years later, wages and career advancement of college graduates who enter the labor market during economic downturns remain lower than those of workers who enter when the economy is strong.
Social consequences of prolonged unemployment can be significant. Studies suggest that a high unemployment rate is directly related to increases in property-related crime. Unemployment can also affect the health of individuals and families. A study of people with a high risk of unemployment found that they decreased their consumption of fruit and vegetables. Such a diet change can affect workers' as well as their children's health in the long run. Inadequate nutrition of children, a particular risk in low-income families, can hinder their physical and mental development.
Explanation:I hope this helps.
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