causes of unemployment and the ways to harness the consequences

Jun 21st, 2015
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Abilene Christian University
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How to curb unemployment impacts

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General Impact of Unemployment and amicable solution[NAME][INSTRUCTOR][INSTITUTION]General Impact of Unemployment and amicable solutionIntroductionUnemployment is a status where a person who is at the working age is not able to find employment. This is true when the person looking for the job is willing to be in a full time employment and earn income of their will. This implies that, someone may be working and getting a very high salary. This person may not be willing to stay in that job given a chance to shift. This is also referred to as unemployment. They are classified as unemployed since they are still looking for a job they can comfortably work. The menace of been unemployed have greatly affected several countries economy leading to low living standards. The income per head is used to rate the countrys wealth. So, if everybody is employed the country experiences immense wealth leading to high GDP (Kelvin & Jarrett, 2005). This essay will focus on the impact of unemployment and offer one solution that can help curb the Unemployment aftermaths.Different types of UnemploymentUnemployment can be classified into different classes which include. 1) Inefficient demand Unemployment; this kind of unemployment is dictated with the demand. For instance if a film industry experiences deficient demand it tends to cut on output. As a consequence, the firm will retrench some of the workers who will be lefts without responsibilities due to the cut in production.

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