One of the things that cause unemployment to keep increasing is the age of people. Seeing as there is almost no family not affected by this great recession, there must have been a cause. “You are aging as you are not employed, and nobody is looking to hire somebody who is old,” (Aaronson, pg. 6). When older people are laid off they keep aging and there are young kids coming out of college looking for the same job. Every single year more and more kids are graduating from college with degrees and the business owners are taking the fresh new kids in the business world because they are young, smart, and ready to work. “Individuals with longer employment spells are less likely to be employed the next month,” (Aaronson, pg.2) This helps to show that once you are laid off you will be aging leaving you out of the work force longer and with less up to date skills, which is why companies will be looking to hire younger adults. Since, the unemployment rate has gone up the companies will have a lot more job applications which means that they have more of a variety so they can be very selective about who they choose for the job. So they will be hiring the most selective trait that they are looking for which is someone young with a college degree over someone older with experience. This is not the only reason why unemployment has gotten like this in America.
The unemployment rate is increasing faster and there is a group of people that is most affected which are teens. “Young people from ages 16 to 24 are the ...
... middle of paper ...
... the way that the economy is set up and those changes don’t need to be very big but as long as we start small and try we will be able to get out of the high unemployment rate slowly.
Kurtzleben, Danielle. "Report: America Lost 2.7 Million Jobs to China in 10 Years." US News. U.S.News & World Report, 24 Aug. 2012. Web. 16 Dec. 2013.
Aiginger, Karl. "The Current Economic Crisis:." Na. WIFO Working Papers, Mar. 2009. Web. 21 Nov. 2013.
Aaronson, Daniel. "What Is behind the Rise in Long-term Unemployment?" Chicagofed.org. Na, n.d. Web. 21 Nov. 2013.
"Preface to 'Has the Recession Caused a Jobs Crisis in America?'." Jobs in America. Ed. Debra A. Miller. Detroit: Greenhaven Press, 2011. Current Controversies. Opposing Viewpoints in Context. Web. 21 Nov. 2013.
"Long-Term Unemployment in the Great Recession." Harvard.edu. Na, 29 Apr. 2010. Web. 21 Nov. 2013.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- ... At the end of each year, numerous organizations do researches related to corruption in Bosnia and Herzegovina. One of these organizations is Transparency International organization. According to Transparency International, Bosnia and Herzegovina is represented as the one of the most corrupted and the most undeveloped countries in Europe. The corruption rate in this country is calculated as 14.9% and it places Bosnia and Herzegovina as the 5th country on the list of corrupted countries. During last four years, this country records constant decrease in global corruption rate because the other countries involved in this survey showed high increase in corruption rate.... [tags: problems, solutions, work, findings]
1474 words (4.2 pages)
- For: Being unemployed is really the fault of the individual because if they are unemployed then it is by choice. Many choose to be unemployed because they are unmotivated and they still get the social security benefits. Most unemployed people stay unemployed as they don't have any motivation to get a job and they have lost their self esteem, confidence, and they think that they can't do the job. This is the start of society problems which start of with alcoholism, drug usage which leads to stealing and breaking in to houses to get money which leads to a jail sentence and may give a bad impression to the employers as individuals with a criminal record are unlike... [tags: Economics, Unemployment Essays]
670 words (1.9 pages)
- ... The bad part is the government doesn’t seem to be doing anything about the problem. They are the only way out of this mess, and they aren’t doing anything except watching it happen and worrying about their pay check. President Obama needs to step up and get to work. The only thing he seems to be doing is extending the time for jobless benefits. “How to Keep Workers Unemployed 12-09-13” says in 2009 the Obama Administration and Congress extend jobless benefits for up to 99 weeks. What this is doing is just giving people more time to find jobs.... [tags: potential solutions, debt issues]
809 words (2.3 pages)
- 1. Explain what you would expect to see happen, and why, during a contraction in economic activity to the levels of output, employment and prices. Be sure to explain why you would expect these things to occur. An economic contraction is a phase in the business cycle where economic activity declines. An economic contraction occurs if real GDP declines for two or more straight quarters. (Investopedia, 2013). “Real GDP (Real Gross Domestic Product) is the value of final goods and services produced in a given year when valued at constant prices.”(Parkin, 2005, p.... [tags: Economic Contraction, Employment]
1583 words (4.5 pages)
- College Graduates Underemployment and Unemployment: What are the Causes of Today’s Recent Graduates Failure to Launch. Statistics show college graduates are having a difficult time finding employment more than the generations before them. The question is, what are some of the underlying factors creating the lack of employment opportunities. Between the years 2000-2013, the percent of unemployment for college graduates with a bachelor degree was better than their non-graduate counter parts. As a matter of fact, the level of unemployment is lower for all age groups with college degrees vs.... [tags: Unemployment, Employment, Outsourcing]
1812 words (5.2 pages)
- Causes of Homelessness Imagine not knowing what to do or where to go and feeling lost. You have to spend each night in the bitter weather sleeping on a park bench or under a bridge. Or maybe you have to stand in line for the local shelter. When you awake the next morning you have to decide where you can go to clean yourself up. When you get hungry, you have to beg people for money of search the nearest garbage can for food. You then spend the rest of the day sitting or walking around the city, hoping people will notice you and help you.... [tags: Homelessness, Poverty, Unemployment]
2178 words (6.2 pages)
- The United Kingdom is one of the largest world economies and it is rated the sixth globally as well as the third largest after Germany and France in Europe, however in the past couple of years the United Kingdom is suffering from unemployment. Unemployment is when an individual is available to work of a working age looking for a paid job or workers who are unsuccessful in searching to find a paid job. There are several economics problems that affects the growth of unemployment, therefore, this essay will discuss the methods used to measure unemployment, the major economic factors that have an impact on unemployment and the effect of unemployment on the government and citizens.... [tags: Unemployment, Economics, Great Depression]
1029 words (2.9 pages)
- When someone becomes unemployed they automatically turn to unemployment insurance. People who are unemployed think that filing for unemployment insurance is a good way to solve your problems. The money used for unemployment insurance should be put to better use by fixing roads and saving schools. Unemployment insurance is a unique federal-state program, which is financed by unemployment program tax contributions from employers (Workforce and Economic Development). Most people do not know that there are different types of unemployment.... [tags: Economics, Unemployment Essays]
1876 words (5.4 pages)
- There are many important issues troubling the nation that need to be addressed in order for the nation to continue to thrive and be successful. The economy has taken a tremendous downfall over the past seven years and for many Americans things are simply not how they used to be. Perhaps among the most troubling issues remains the increasingly high unemployment rate that has escalated over the past seven years. Despite the various efforts to remedy the situation, the problem of unemployment has not been alleviated.... [tags: Economics, Unemployment Essays]
1435 words (4.1 pages)
- Combating Unemployment “Of all the aspects of social misery, nothing is as heartbreaking as unemployment.” (Addams 1910) Unemployment has long been a headache macroeconomic issue for all the governments around the world and is defined as people in working age but without job for the past four weeks according to International Labor Organization. In late 2009 the number of people unemployed or willing to work reached highest 8.2% since 1997. These increases are not start with the recession but since 2005, (Boardman 2010:105).... [tags: Economics, Unemployment Essays]
1596 words (4.6 pages)