Question

What are the consequences of unemployment?​

Answer 1

The personal and social costs of unemployment 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 ...

Answer 2

Answer:

Explanation:

The consequences of unemployment are :-

1) It leads to wastage of manpower resource.

2) The people who are an asset become a liability.

3) It creates a feeling of hopelessness and despair among the young people. ‘

4) It increases economic overload, i.e., the dependence of unemployed on the working population.

5) The quality of life of an individual gets affected.

6) It also results in Loss of Income.