Unemployment is on a rise, in fact even highly qualified graduates are finding it difficult to find jobs. There are several reasons behind this unfortunate development. In my opinion, people should start sweating it out and be ready to do any job.
The ongoing economic crisis is one of the main reasons for unemployment. Recession has forced many organizations to stop hiring young graduates. As, a result many of the fresh graduates are not able to receive job offers. Even the existing employees are also being laid off in due to the financial turmoil around the world. It should be noted that nation like US, England, Russia have long stopped growing. When the economy becomes stagnant, the need of new talent also diminishes.
At the same time, the numbers of people becoming graduates are increasing exponentially. This is particularly true in developing nations. Due their increasing economy many people are able to afford university education. For example, In India the numbers of people graduated in 2018 are much higher when compared to a decade ago. Unfortunately, In spite of their economic growth many graduates are still left without employment. Additionally, developed nations are looking at outsourcing of jobs to developing nations where cheap labour is available.
In my opinion, young graduates should stop looking for jobs in fortune 500 companies and they should find jobs themselves. The internet has actually made it easier. It allows people to sell their products or services to parties interested all over the world. Also graduates seeking employment should their obsession with White collar jobs. If they don’t mind sweating it out, jobs are available.
To conclude, unemployment can be attributed to two main factors – the increase in the number of graduates and also the economic crisis around the world. The only way to solve this problem is to encourage people to find employment
Unemployment is on a rise, in fact even
highly
qualified
graduates
are finding it difficult to find
jobs
. There are several reasons behind this unfortunate development. In my opinion,
people
should
start
sweating it out and be ready to do any job.
The ongoing economic crisis is one of the main reasons for unemployment. Recession has forced
many
organizations to
stop
hiring young
graduates
.
As
, a result
many
of the fresh
graduates
are not able to receive
job
offers. Even the existing employees are
also
being laid
off in due to the financial turmoil around the world. It should
be noted
that
nation
like US, England, Russia have long
stopped
growing. When the economy becomes stagnant, the need of new talent
also
diminishes.
At the same time, the numbers of
people
becoming
graduates
are increasing
exponentially
. This is
particularly
true in developing
nations
.
Due
their increasing economy
many
people
are able to afford university education.
For example
, In India the numbers of
people
graduated in 2018 are much higher when compared to a decade ago. Unfortunately,
In spite of
their economic growth
many
graduates
are
still
left
without employment.
Additionally
, developed
nations
are looking at outsourcing of
jobs
to developing
nations
where
cheap
labour
is available.
In my opinion, young
graduates
should
stop
looking for
jobs
in
fortune 500
companies and
they should find
jobs
themselves. The internet has actually made it easier. It
allows
people
to sell their products or services to parties interested all over the world.
Also
graduates
seeking employment should their obsession with White collar
jobs
. If they don’t mind sweating it out,
jobs
are available.
To conclude
, unemployment can
be attributed
to two main factors
–
the increase in the number of
graduates
and
also
the economic crisis around the world. The
only
way to solve this problem is to encourage
people
to find
employment