WHY IS UNEMPLOYMENT A SERIOUS PROBLEM?
Unemployment is a serious
problem. It includes being homeless, jobless, being in debt, aroused family
tensions, high stress level within oneself which may even cause low self –
esteem. Among things that cause unemployment is having a poor educational
background. This consequently leads to a poor economy within a country due to
the high unemployment rate.
Aspects like recession and
unfavorable government regulations within a country also causes unemployment.
This is because there might be
policies that negatively affect and limit the possibility of new job creations
by various organizations. Such policies may include the sanctioning and
approval of privatization of organizations by the government through capitalism
where the poor are heavily exploited either through cheap labour or even unfair
dismissals and retrenchments.
These are further compounded
by a rapid increase of globalization levels, as technology has replaced human
resources, which also acts as a catalyst to unemployment within a country.
Regarding recession. The
increase in product prices within a country heavily strains businesses and
companies. High prices severely decrease the customer levels (the demand),
which subsequently leads to retrenchments as there is no money to accommodate
the high number of workers within the business due to low revenue generation.
High unemployment levels
within a country also places a huge level of responsibility on the government
itself.
This is because the government
must ensure people’s needs are met, irrespective of their demographics.
Citizens within a country are protected by their constitution and Bill of
Rights, which mostly promises its citizens a fair quality of life through the allocation
of basic needs by the government, but this differs country to country.
Most governments have then
taken the initiative to increase tax rates within their respective countries to
raise funds to accommodate the poor and the unemployed portion of their
population into their budget, where relevant. The South African government
being a typical example.
This contrast between fair
(like the South African government) and unfair governments (like the paragraph
before) indicates the high level of power the governments have regarding
unemployment in a country.
It is important for both
sectors (Private and Public sectors) to address the problem of unemployment and
work together in fighting it as it does not only affect people who are unemployed
but the government too as it will find itself on having a huge liability and a
responsibility regarding helping its citizens to meet their needs. The private
sector will then have it hard as high percentage of tax rate will be deducted
from them for the government to help its citizens.
Unemployment rate is very high in our country. The government must do something to help people who are jobless, I know it's not easy but at least they must provide more job opportunities for those who are unemployed.
ReplyDeletethis can only be done if the government can build more firms and create employment. South Africa has so many abounded buildings that needs to be renovated to be used and government has the power to do that.
DeletePeople must learn to create small business for themselves to reduce unemployment
ReplyDeleteI believe that's only if the government is really willing to found people who wants to starts their own businesses.
DeleteUnemployment is so bad but now people should now start their own business and be entrepreneurs and sell things they know people are interested in.
ReplyDeleteIt is always important to know your target audience and which it makes it easier for you to know what they like or want and be able to render their preferred product to unto them.
DeletePeople need to brainstorm and think outside of the box and create employment for themselves because jobs keep on getting scarce each day. People need to fill in the gaps by starting to think like entrepreneurs having that mentality will change a lot of people’s lives.
ReplyDeletenot all of us will retire at someone else work office , out of ten there will be one person who will stand up and start his/her own business which is something that we, thinking out of the box which is important.
DeletePeople have to stand up and learn to be independent and not only depend on the government to provide job opportunities. We need to stop waiting for an opportunity and begin to start small business so that we can take care of ourselves and stop putting blames on things we have no control over.
ReplyDeleteIt is important to stand up and do it for ourselves we cannot always depend on government to help us and there are so many opportunities that we can use to start creating our own employment/businesses.
ReplyDeleteLearning kept me going in life. Such powerful information good work 😊
ReplyDelete