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Effect of unemployment
Perspective of unemployment
Identify the effects of unemployment
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Many things in life are often taken for granted. People often use such things without ever appreciating the privilege. When a government service becomes abused by a person, they don’t think of the money being paid by tax payers to make that public service possible. Our government does a decent job of providing public services that Americans often use. A few examples are public transportation, public bathrooms, and unemployment payments. I believe unemployment payments should provide limited benefits and restrictions towards often offenders.
First of all, let me explain why unemployment is good, and why it shouldn’t be abolished. Unemployment is a great benefit for adults that are moving from job to job. Everyone, at some time of their lives, gets fired or laid off for different reasons, whether economic or personal. Finding a job often becomes difficult even for the most qualified persons. Many adults have children or a spouse to provide for and without a job that becomes very difficult. With unemployment that person can receive money from the government until he/she finds a job. Unemployment isn’t much but helps when money is tight.
Aside from the positive things unemployment provides, there are things wrong with the government’s unemployment program. People often abuse the unemployment system. The money that establishes unemployment comes from everyday people who pay taxes. The program can become abused by people showing the government they are “looking” for a job, when really all they do is sit around and be lazy. I am not saying everyone does this; there are people out there that are using unemployment because they have no choice. But often enough, people misuse unemployment by not trying to get a job and...
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...fits for a year is quite crazy. Considering most adults, ages 24 and older, have college level education. A college freshman has a harder time trying to support themselves in college, having little if any experience, other than a high school education or a GED.
I believe the state of Kansas could in fact, pass a law granting benefits to college students. Of course, I am not expecting the benefits to be equal of adults because most are responsible for a spouse and children. This could be implemented if the Department of Labor were to allow adults to be on unemployment for nine months out of the year with a resting period of one month between each three month period of benefits. This would cut three months of funds out of the unemployment funds and put those funds toward helping college students. It would be like a college level based welfare offered by the state.
College graduates are already experiencing difficulty finding well-paying jobs and careers today. Free tuition does nothing to help grow the job market but just adds competition through degree inflation. This could cause degrees to be less meaningful and a rise in unemployment with college graduates aiming for better jobs. While we can acknowledge that these programs may be utilized in other countries with some success, many of these cultures have static labor markets, strict entrance requirements for their universities, and have other cultural limitations that prevent pursuit of degree by average or slightly above average students. A student who has only been academically focused without work experience, may not be the best candidate for a job as someone with less education and more experience. In fact, Germany, a country that offers free college based on merit, actually graduates fewer college
Public assistance such as welfare, food stamps, unemployment, cash aid, and housing assistance, has been put in place for the benefit of American citizens. This has been set-up to help people in their time of need after they have helped other Americans in need. Welfare gets its funds from; you guessed it, hardworking Americans. Whenever a person gets paid, state and federal government takes a percentage out of their check every single time. State taxes are what provide the funding of public assistance. Many people believe this comes down to a more moral issue. People in these programs are getting hard worker’s money; therefore, if you are receiving help, you shouldn’t be involved in criminal actions. Many people are losing jobs in this time of recession which is causing unemployment rates to sky-rocket. This causes public assistance rates to r...
Understandably, most young adults aren't ready for the college lifestyle. They're unprepared for the longer hours spent on school work, the looming financial costs, and the freedom that has suddenly been thrust upon them. There is no need to point at anyone for blame but rather let’s just get you onto the right track!
With the increase of unemployment in the United States, people find it difficult to make ends meet, so they rely heavily on unemployment benefits. Unemployment checks enable people to support their family and pay their monthly bills while they are seeking employment. My friend James has been working for Safeway for about eight years and got laid off with a wife and a two-year-old daughter to support. With the help of the unemployment check, he was able to provide for his family temporarily until he found a job where he was able to provide for his family permanently. Indeed in 2010, unemployment benefits kept 3.2 million people above the poverty line—which is roughly $17, 300 for a family of three. A report from the US Government Accountability Office (GAO) gives some indication of what might lie ahead for people who exhaust their benefits (Kaufmann). ...
For some, welfare is a sign of weakness or idleness, but no one should be denied needed help. A life should not be cut short due to starvation, dehydration or sickness that can be stopped by the help of the government.
The number of people on welfare has been dropping since the early 1990's. Just because you get a job does not guarantee you will go off welfare. Many jobs are low paying and low skilled. These are sometimes the only jobs welfare recipients are qualified for. Programs to train workers are a move in the right direction.
College takes a serious toll on people, some are able to strive through and come out on top and some suffer from outside family issues, can’t financially keep up with school or just lack the skills that are needed for higher education. College sometimes just isn’t for everyone; and students can’t handle it all like I couldn’t myself.
Government welfare was created to help people who were struggling get back on their feet again. People now abuse this privilege that was meant for good. People expect the government to give them food stamps, free health care, and other necessities of life. By doing this, tax dollars of the working class are taking care of people who will not work. To solve this problem, welfare should be temporary not permanent, prove you are looking for a job, have random drug screenings, and work in community service in exchange for welfare. Although government welfare can be a great resource to those in need, there needs to be restrictions and limits put on it so it will not be abused.
“Our current unemployment situation matches the Oxford dictionary definition, financial support is given to those who are unemployed or those in need. People nowadays who receive welfare think it is an entitlement, and not welfare, because the people who receive welfare think they have earned it by simply getting government money” (Einhorn).Recipients do not acknowledge the fact that welfare is not intended for those who are too lazy to get a job; it is only meant for people who simply cannot or just happened to get laid off for a few months. “The five requirements of collecting unemployment are as follows: being able to work, involuntary jobless, available to work, and currently looking for work” (Einhorn). The program, which was created around the 1930’s, was only meant to provide income for week to week necessities as the matter of food, clothing, and shelter (Einhorn). One of the drawbacks of this is that the longer the government supplies this, the longer it will take an individual to accept a job. A Denmark Economic Council study established that a person waited until the special benefits lapsed before accepting a job (Einhorn). The lengthy aid of income allows those who are inactive to pick what they like instead of the first opening that becomes available. That is unfair, because majority of people in need of a job, take
help to lowering the national debt. Lower unemployment rate mean less people on welfare, which is an expense the government has, which brings us to the second step to lowering the national debt.
In August of 2009, the unemployment rate in the United States was the highest it had been since the Great depression approximately 80 years before that. During that month, 9.6% of Americans were unemployed. That may not seem like very many people but 9.6% of the population is 29,452,800 people. During that month, over 29 million people were unemployed. Now in November of 2015, that percentage has gone down to 5.1%; which means over 16 million people are still unemployed because of the recent rise in the United States population. In the past 15 years, unemployment has become a major issue in the United States and we are in dire need of a great solution. Thank God we have welfare! Welfare helps so many people who aren’t educated enough to get a job to feed their growing families. Welfare programs have been set in place by the government to ensure a certain standard of living for the entire country.
Unemployment generates from people who do not have a job. They could be laid off, have gotten fired, or could be in between jobs. It is important to know that unemployment counts people who are able to work. It does not include people that cannot work due to disabilities, or acts along those lines. During a recession, the economy normally experiences a very high unemployment rate.
As a citizen of the United States, I believe people in this country that are unable to provide for themselves should be taken care of by the government. However, I do not believe the government is using the welfare program in the right way. From drug testing to the amount of money people receive, the program needs to change. I strongly believe that people out of work should be looking vigorously for jobs, and should not use the U.S. government as a permanent source of income.
The Fed desires to maintain high employment because the condition of high unemployment, the alternative, creates idle workers and idle resources. This leads to closed factories, unused equipment and materials, ultimately decreasing our GDP. Now, let me further explain that the goal for high unemployment is not an unemployment level of zero, rather a level above zero where labor demand equals labor supply. This is known as the ‘natural rate of unemployment’.
Unemployment issue can lead to a lot of impacts to the economic growth. Higher unemployment rate will lead to increase government borrowing. When people are without their job, they would paid less in the income tax. So, it will cause a drop in tax revenue because there are lesser people paying income tax and spending less. Due to the loss of earnings to the unemployed, the government need to spend more subsidy for them in housing benefits and income support.