The unemployment rate is significantly high for university graduates who seek a job in their relevant field. In my opinion, an increase in the inflation rate may lead to this situation, and to tackle this issue, the governments should take more responsibility to lower their inflation rate.
First of all, devaluation of a country's currency, also known as inflation, often causes a decline in employment rate and possible job offerings, especially for those jobs that require more skilled tasks. That is because the companies that hire highly-educated university graduates may not keep up with the rising costs due to inflation and shut down some of their branches. In severe circumstances, such as an economic crisis, they may shut down all of their businesses. Consequently, there would be less need for highly skilled individuals.
Having a lower inflation rate is a sign of the well-being of a country's economic system, and if the system doesn't function how it is supposed to be, it is inevitable to see its detrimental effects on all segments of the society, including university graduates. However, though, making sure that the economic growth is at an optimal level is not an easy task, owing to the fact that economics is a complex subject and affected by a plethora of factors. On the other hand, however, there is always something that can be done. For example, opening new facilities across the country and, therefore, providing the citizens more business opportunities. That would be a profound method to lower the unemployment rate and, consequently, should be the first thing to be done by the government.
In conclusion, I think governments should prioritize economic growth by supporting new businesses and helping the enhancement of new facilities, accordingly, the unemployment rate of university graduates would be considerably decreased.
The unemployment
rate
is
significantly
high for
university
graduates
who seek a job in their relevant field. In my opinion, an increase in the
inflation
rate
may lead to this situation, and to tackle this issue, the
governments
should take more responsibility to lower their
inflation
rate.
First of all
, devaluation of a country's currency,
also
known as
inflation
,
often
causes a decline in employment
rate
and possible job offerings,
especially
for those jobs that require more skilled tasks.
That is
because
the
companies
that hire
highly
-educated
university
graduates
may not
keep
up with the rising costs due to
inflation
and shut down
some
of their branches. In severe circumstances, such as an
economic
crisis, they may shut down all of their businesses.
Consequently
, there would be less need for
highly
skilled individuals.
Having a lower
inflation
rate
is a
sign
of the well-being of a country's
economic
system, and if the system doesn't function how it
is supposed
to be, it is inevitable to
see
its detrimental effects on all segments of the society, including
university
graduates
.
However
, though, making sure that the
economic
growth is at an optimal level is not an easy task, owing to the fact that
economics
is a complex subject and
affected
by a plethora of factors.
On the other hand
,
however
, there is always something that can
be done
.
For example
, opening new facilities across the country and,
therefore
, providing the citizens more business opportunities. That would be a profound method to lower the unemployment
rate
and,
consequently
, should be the
first
thing to
be done
by the
government
.
In conclusion
, I
think
governments
should prioritize
economic
growth by supporting new businesses and helping the enhancement of new facilities,
accordingly
, the unemployment
rate
of
university
graduates
would be
considerably
decreased.