Question

why is unemployment considered a social and economic evil?

Answer 1

Unemployment is an economic and social problem. Unemployment is an economic problem in the sense that unemployed persons will be consumers only without being a producer. Non utilisation of human resources due to unemployment involves double cost of maintenance and loss of output. Unemployment is a social problem in the sense that it causes enormous sufferings to unemployed workers due to their reduced or nil income. Many social evils like dishonesty, immorality, drink¬ing, gambling, robbery, etc are the outcome of unemployment. It causes social disruption in the society and the government has to incur a heavy unproductive expenditure on law and order.