INFLATION AND UNEMPLOYMENT
Definition of Inflation
Price increases may be temporary or ongoing. When the increase lasts for a long time and occur almost on all goods and services, so this phenomenon is called inflation. So, the price increase on one or two types of goods cannot be categorized as inflation.
In economics, inflation means an increase in the general price level of goods and services in an economy over time. With the increase in the general price level, each unit of currency can only buy goods and services in an amount much less than before. Thus, inflation also reflects the decline in the purchasing power of money in respect of a loss of real value in the internal medium of exchange and unit of account in the economy.
Effects
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Thus, they argue that society will look down on them and then feel inferior. As a result of financial difficulties facing unemployment, then they can do activities such as robbery, murder and so on to make money.
Causes of Unemployment
Poor communication skills:
Many fresh graduates cannot master many languages, especially international language or English. English is important in the era of globalization and information communication technology (ICT) today. We need graduates who not only have confidence, foresight and eloquence to speak or communicate. Therefore, employers will hire workers based on their strengths to master English because many companies use English as the language of communication.
Choosy attitude:
Graduates nowadays are now too choosy. Positions must be applied for higher positions within the company. For example, the general manager of a decent job with a degree that they have. When there is no vacancy in the office, then they would rather be unemployed than work that is not equivalent or equal to their degree. They do not want the shame to do a job that starts from the bottom. No manager found a job upon completion of the reverse learn more from the bottom to accumulate
Most graduates choose to go into the workforce to find ways to utilize their degrees and
For most people who want to pursue and can afford higher education, and also is ready to suffer from debt; the option is always available. Whether it’s to continue on achieving a bachelor’s degree, after gaining a high school diploma, or from a master’s to a PhD; when entering the job market with these degrees, which states that these graduates are certified to work in a specific field; they’ve majored in at a university, college and technical school; the graduates are now looking to be employed at a job that will provide a good salary; this will allow them to make a living for themselves and/or family. Additionally, this new founded job will help them pay off their college debt. Everyone has their own personal meaning to what they believe,
Vamsidha et al. (2014) price escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period and is a similar to the concepts of inflation and deflation except that escalation is specific to an item or class of items. But Doe (2007) identifies escalation as the provision in a cost estimate for increases in the cost of equipment, material, and labour.
But before we start, it is worth getting a better understanding of the terms, inflation and unemployment. Inflation refers to an increase in the overall level of prices within an economy. In simple words, it means you have to pay more money to get the same amount of goods or services as you acquired before. By contrast, the term unemployment is easier to understand. Generally, it refers to those people who are available for work but do not find work.
especially during a recession. What is inflation, what are some of the causes and effects
College graduates have more jobs to choose from. The more years of education one has completed, the more opportunities he or she will have as a potential hire. Some employers would not even consider interviewing a job seeker who has no college education, and many employer...
Last point is that English is the most common international language which helps people from different countries to communicate easily . Also because of the difficult economic status in some countries, many candidates around the world aim to study, work and live in foreign countries because it offers better life environment and in fact those countries are encouraging people to settle in . This can be fulfilled only through learning English.
In an economy, aggregate demand (AD) accounts for the total expenditure on goods and services. It has five constituents; Consumer expenditure (C), Investment expenditure (I), Government expenditure (G), Export expenditure (X) and import expenditure (M), This gives us: AD= C+I+G+X-M. Aggregate supply (AS) on the other hand is the total supply of goods and services in the economy. Increasing AD and decreasing AS both cause demand-pull and cost-push inflation respectively. Demand pull inflation occurs when aggregate demand (AD) continuously rises, detailed in Figure 1. The AD curve continuously shifts to the right, as demand continuously increases, from point a to b to c. This consequently causes an increase in the price level of goods and services. As prices rise, costs of production also increase, causing producers to reduce output (a decrease in aggregate supply (AS)), shifting the AS curve to the left and leading to yet another increase in prices, (t...
According to the U.S. Department of Labor's Bureau of Labor Statistics, it reports that 20% of all college graduates work in jobs that don’t require a college degree and that more graduates were hired for temporary or contractual positions (Feldman & Turnley, 1995, p. 692). Individuals that are classified as underemployed or overqualified have to deal with many problems. Lastly, students faced with underemployment can lead to lower levels of job satisfaction, work commitment, job involvement, internal work motivation and can have a negative attitude towards their job and life (Feldman & Turnley, 1995, p. 694-695). It is frustrating for students because they work so hard in school to get a degree and only find a job that isn’t in their field. The main focus is on college graduates who are working in jobs in which they are overqualified for and how it impacts
...rtunities, but because it is the socially acceptable thing to do. “82 percent of [the universities] graduates found full-time employment within the year, and 93 percent of those who applied got into graduate schools.” (Hacker and Dreifus 188) Even still the fact remains that once a person seeks out and completes the higher education the opportunities for them to succeed are at their fingertips.
English language was originally the language of England. Historically, through the British Empire expands in 18 century, the English language spread to different areas of their colonies. For example, it has become the primary or secondary language for these colonies such as United States, Canada, Australia, and India (BLUK, 2016). Nowadays, English language because the dominant language in the world, people all over the world use English language in education, business, work placements, media and so on. This paper examines the importance of English language for media students.
Inflation is the rate at which the purchasing power of currency is falling, consequently, the general level of prices for goods and services is rising. Central banks endeavor to point of confinement inflation, and maintain a strategic distance from collapse i.e. deflation, with a specific end goal to keep the economy running smoothly.
Inflation is one of the most important economic issues in the world. It can be defined as the price of goods and services rising over monthly or yearly. Inflation leads to a decline in the value of money, it means that we cannot buy something at a price that same as before. This situation will increase our cost of living.
The concern about the English proficiency at workplace is left unchecked and this leads the lack of competitiveness in all aspects of our economic environment like administration, education, finance or trade. In this Modern world there are much advancement in the technology and acc...
...ncements in their current employment. Over all, a good English education will help with enhancing a person’s life.