Question

what are the consequences of unemployment

Answer 1

Unemployment would lead to:

 1. Low economic growth.
 

2. Unemployment can lead to emotional and mental stress.
 

3. A person can also get demoralised, he can do wrong things like he can indulge in the habits like alcohol and drug abuse or even may commit suicide.
 

4. Higher income income inequalities and disparities leading to nothing but poverty

Answer 2

The personal and social cost of unemployment include severe financial hardship and property, debt, homeless and housing stress, family tensions and breakdown,boredom,shame and stigma, increased social isolation , crime, erosion of confidence and self- esteem, the atrophying of work skills and ill health