How unemployment leads to wastage of human resources?
Answers
Today unemployment is considered one of the most threating problem before the country.unemployment said to be exist when people who are willing to do work at current prevalling wages cannot find work.unemployment problem signifies the wastage of human resources.
.the society is deprived of goods and services.
.it reduced the production loss caused by unemployment.
.it also effect the efficiency of workers.
.it increase economic overload as well as on family and country also.
.it create tension frustration depression among people
for e.g if unemployment is high among the educated person the quantum of wastage of resources will be greater.this due to investments in education and skill formation as well created frustration and feeling of hopelessness.india has spend a lot of money on education every year and those person who should have been assets for the economy have turned into liability and he is not using money and land ,become a burden and wastage of important human resource