Question

Mention the economic and socio political implications of unemployment. 3m​

Answer 1

Answer:

Unemployment is first and foremost an economic and social problem since it brings about costs for the unemployed as well as the society as a whole. Labor not used for production purposes means permanent output loss and decrease of consumption. ... Hence, unemployment gets qualified as a serious personal and social issue.

Answer 2

Unemployment leads to many socio political implications in society. It leads to unstable environment.

It also include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health.