write an essay on the topic "unemployment problem in the current situation" ?
Answers
India’s employment situation is bad. The current unemployment rate is the highest in the last 45 years. The unemployment among urban youth (age 15-29 years) is alarmingly high at 22.5 per cent. The high unemployment rates are but just one of the problems with India’s employment scenario. The labor force participation rate has come down to 46.5 percent for those who are 15 years and above. A large proportion of the employed workers get low wages and are stuck in the‘employed poverty’ trap.
While structural factors are responsible for the high unemployment rate, the current slowdown has made things worse. There is enough evidence to show that the economic slowdown is a result of the decline in demand (investment and consumption).
The Decline in construction and related activities in urban areas is a serious concern. These activities employ more than 5 crore people. The budget should aim to revive construction activities in the real estate and infrastructure sectors. These sectors directly or indirectly support economic activities in another 200 odd sectors.
The budget can incentivize companies and industrial units to provide internship and on-site vocational training to unemployed youth. This experience can be combined with distance education to teach the trainees relevant theories and concepts.
In the interim, the government should fill a large number of vacant posts. Estimates suggest that there are more than 22 lakh vacancies in government departments. The country can ill-afford this neglect at a time when the unemployment rates remain.
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Answer:
What is Unemployment?
Unemployment refers to a situation in which a skilled and talented people wanted to do a job. But cannot find a proper job due to several reasons.
Types of Unemployment
Now we know what is unemployment but unemployment does not only mean that the person does not have a job. Likewise, unemployment also includes people working in areas out of their expertise.
The various types of unemployment include disguised unemployment, seasonal unemployment, open unemployment, technological unemployment, structural unemployment. Besides, some other unemployment is cyclic unemployment, educated unemployment, underemployment, frictional unemployment, chronic unemployment, and casual unemployment.
Above all, seasonal unemployment, under unemployment, and disguised unemployment are the most common unemployment that is found in India.
Reasons for Unemployment
In a country like India, there is much reason for a large section of the population for being unemployed. Some of these factors are population growth, slow economic growth, seasonal occupation, slow growth of the economic sector, and fall in the cottage industry.
Moreover, these are the major reason for unemployment in India. Also, the situation has become so drastic that highly educated people are ready to do the job of a sweeper. Besides, the government is not doing his work seriously.
Apart from all these, a large portion of the population is engaged in the agricultural sector and the sector only provides employment in harvest or plantation time.
In addition, the biggest reason of unemployment in India is its vast population which demands a large number of jobs every year which the government and authorities are unable to provide.
Consequences of Unemployment
If things will go on like the current scenario then unemployment will become a major issue. Apart from this, the following things happen in an economy which is an increase in poverty, an increase in crime rate, exploitation of labor, political instability, mental health, and loss of skills. As a result, all this will eventually lead to the demise of the nation.
Explanation:
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