Unemployment Case Study

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Unemployment is a problem, which worries the majority of economists, social workers, and common citizens. It is obvious that there are not enough working places for all citizens willing to find work and take care of their family budget. It is a consequence of a careless regulation of the economic processes in the country. Unemployment is a widespread problem, and it touches on all the layers of society including people from different occupations. In addition, the new college graduates create one of the segments of the unemployed, which struggle to find work. However, it is hard to achieve this aim due to the diversity of problems and inappropriate environment existing in the business segment. The following discussion helps evaluate the diversity …show more content…

Companies tend to refuse to hire the graduates as long as they lack experience in the development of the business principles and their performance. It seems that companies tend to create an endless circle, which cannot give youth any chance to become professionals in terms of the contemporary business. The unemployment rate among individuals aged 20 - 24 years continues to increase on an annual basis regardless of the gender of the individuals (National Center for Education Statistics, 2015). Statistics is alarming and insists the target audience, namely the modern society, to pay attention to the problem. Companies tend to have many fears regarding the young professionals. The main reason is that the contemporary business does not believe in skills, knowledge, and professionalism of a young generation. Many businesspeople find it a risky path to hire the graduates and give them a chance to apply their skills. On the one hand, one can understand this position as long as the business development takes much time to set the appropriate performance and build a respectable company able to compete in the global market. When it comes to hiring the new employees, companies tend to choose experienced professionals. On the other hand, many companies are not willing to waste their time and money on training of the young minds. From the first day of the performance, they find it irrational to waste their resources on the development of the new personnel as long as they can hire a professional able to start bringing the

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