These days, the coronavirus pandemic has caused millions of people to lose their job. And it is such a big concern in all areas of the world. When unemployment rates are high and steady, there are negative impacts on the long-run economic growth. So, this essay will examine the bad effects of this problem and put forward some solutions for it.
Talking about the negative points, it is undeniable that unemployment is seriously affecting individuals and society as well. Firstly, people don't have enough money to pay for their life. Everything in the world costs money. If an unemployed individual has a family, it's difficult for them to settle down. Another individual negative effect of unemployment is that it can cause health issues. Being unemployed can lead to depression, low self-esteem, anxiety and other mental health issues, especially if an individual truly wants a job but can't find employment. Tension can occur, causing stress and strain on the body. Furthermore, during unemployment, there is no income, which leads to poverty. The burden of debt will increase, leading to economic problems. When there is unemployment, the governments have to step in and pay unemployment benefits. By needing to pay more of these benefits, the governments must borrow money to pay the benefits or reduce spending in other areas. And much more severely, many crimes are committed by individuals who are unemployed and living in poverty. When unemployment rates increase, crime rates tend to rise. According to the study in the Journal of Quantitative Criminology in 2016, individuals who are unemployed for socially unacceptable reasons and don't wish to seek out job opportunities are more likely to engage in burglary or robbery.
However, numerous solutions can help reduce the amount of unemployment. An intuitive measure to fight unemployment is to create jobs. Jobs can be created in several different ways. The creation of jobs often involves raising the incentive for companies to employ people and open branches in weak economic regions. Moreover, it is crucial to improve the education levels of people so that it will be easier for them to find a job. This education should start early in school and teachers should pay close attention and take care of every child to ensure good educational progress.
In conclusion, unemployment can be a serious problem, especially in structurally weak geographic regions where firms do not have proper incentives to open branches. To be able to fight high levels of unemployment, governments have to take suitable measures. By doing so, more people can get back into work and the overall quality of life for people is likely to increase
These days, the coronavirus pandemic has caused millions of
people
to lose their
job
. And it is such a
big
concern in all areas of the world. When
unemployment
rates are high and steady, there are
negative
impacts on the long-run economic growth.
So
, this essay will examine the
bad
effects of this problem and put forward
some
solutions for it.
Talking about the
negative
points, it is undeniable that
unemployment
is
seriously
affecting
individuals
and society
as well
.
Firstly
,
people
don't have
enough
money to
pay
for their life. Everything in the world costs money. If an
unemployed
individual
has a family, it's difficult for them to settle down. Another
individual
negative
effect of
unemployment
is that it can cause health issues. Being
unemployed
can lead to depression, low self-esteem, anxiety and other mental health issues,
especially
if an
individual
truly
wants a
job
but
can't find employment. Tension can occur, causing
stress
and strain on the body.
Furthermore
, during
unemployment
, there is no income, which leads to poverty. The burden of debt will increase, leading to economic problems. When there is
unemployment
, the
governments
have to
step in and
pay
unemployment
benefits. By needing to
pay
more of these benefits, the
governments
must
borrow money to
pay
the benefits or
reduce
spending in other areas. And much more
severely
,
many
crimes
are committed
by
individuals
who are
unemployed
and living in poverty. When
unemployment
rates increase, crime rates tend to rise. According to the study in the Journal of Quantitative Criminology in 2016,
individuals
who are
unemployed
for
socially
unacceptable reasons and don't wish to seek out
job
opportunities are more likely to engage in burglary or robbery.
However
, numerous solutions can
help
reduce
the amount of
unemployment
. An intuitive measure to fight
unemployment
is to create
jobs
.
Jobs
can
be created
in several
different
ways. The creation of
jobs
often
involves raising the incentive for
companies
to employ
people
and open branches in weak economic regions.
Moreover
, it is crucial to
improve
the education levels of
people
so
that it will be easier for them to find a
job
. This education should
start
early in school and teachers should
pay
close attention and take care of every child to ensure
good
educational progress.
In conclusion
,
unemployment
can be a serious problem,
especially
in
structurally
weak geographic regions where firms do not have proper incentives to open branches. To be able to fight high levels of
unemployment
,
governments
have to
take suitable measures. By doing
so
, more
people
can
get
back into work and the
overall
quality of life for
people
is
likely to
increase