It’s hard to live a normal healthy life without a job and money. There are a variety of reasons why people are unemployed. Being unemployed can cause one to experience financial, emotional, and personal problems.
The most common causes of unemployment are getting fired and layed off for specific reasons. People might get layed off if a company is going out of business or maybe if there are positions in the company that are no longer needed. It’s difficult to find a job right away after being fired. Companies don’t want to hire someone who has just been fired for reasons such as failure to do a sufficient job, not showing up to work, stealing, etc. It’s also hard to find a job instantly after being layed off. In some cases the economy is down and it is hard to find any work in general.
Some people can’t get hired because they don’t have an education and they are not qualified to do the work required. Most companies call a person’s references and if they don’t have a good work record they are not likely to get hired. Employees will always hire the most qualified person based on their resume, or brief account of one’s education and professional experience.
Other people can’t find jobs because of disabilities or health problems. If someone gets into a car accident and gets physically injured long-term or becomes disabled, it becomes difficult to do many types of jobs. In another case a person may become ill and not be able to work for a long period of time or at all.
One of the most life changing effects of unemployment is the loss of income. Especially if they are a single parent of if they have a large family to support. Having no money means eventually having no food, no clothes, no shelter, and no car. It also prevents one from doing many things and activities, even though their amount of leisure time has increased. One might not have money to go to the movies, play on sports’ teams, or do any other recreational things. Being unemployed for a long enough time leads to a lot of debt. Any money that has been saved ends up getting spent rather quickly with all of today’s living expenses. Twenty thousand dollars may seem like a lot of money to some people, but with no income that money gets spent before you know it.
First, structurally unemployed people may find that it is too late or too costly to go back to school to upgrade their skills. Many jobs now require some college education even to have a shot at an interview. Thus, many people who have just a high school diploma cannot find work because they do not have the skills or credential required. For example, many miners in small towns typically go straight into to the mines after they graduate high school. This theme created a structural problem because these workers could not find a job after their mines ran dry or got shut down by government policy.
The lack of employment at this time is due to the lack of money to invest and expand, and as a result output is greatly reduced. However, nowadays, unlike the past 20 years, credit is now available much more easily for companies through banks and building societies so not as many employees are affected by structural unemployment. Demand deficient unemployment is caused by a lack of demand. Keynes believed that unemployment had more to do with the goods market than the labour market.
The basic definition of unemployment is without work. In macroeconomics, unemployment has a very precise definition and different types of unemployment. Unemployment is defined as the total number of adults (aged 16 years or older) who are willing and able to work and who are actively looking for work but have not found a job. (Miller 140).
Kaye, H., Jans, L., & Jones, E. (2011). Why don't employers hire and retain workers with disabilities? Journal of Occupational Rehabilitation, 21(4), 526-536. doi:10.1007/s10926-011-9302-8
People living with disability most likely doesn’t get much chance to earn money and usually have more medical expenses. The disabilities of children and adults affects the socio-economy of entire family. Due to their illness and disability, most of the organization do not hire people with disability in their workplace. According to the Survey of Disability, Ageing and Carers in 2009, people with disability of age 15-64 years looking for work, the most reported difficulty to find work was their own poor health or disability (35%). They were facing difficulty also of their lack of the essential skills or education (13%). Likewise, people with disability who apply for work, doesnot get employed as their long-term illness or injury was the main
Simply put unemployment is basically the act of not being employed. In the United States there are several different ways that one can label being unemployed based on the economy of our country at the time. Throughout history we have gone through many different depressions, recessions, and hard times all together. The first major hit this country took was when the stock markets crashed and sent the economy straight down into the sewers. It was called the Great Depression. Many people suffered and it caused suffering this country had never seen before, so many people fell to poverty level. This depression lasted from 1929 to 1941. Most recently America went through what is now called the Great Recession. This started in 2007 and ended June 2009. The general cause was due to the general decrease in the global markets around the world and was the greatest economic turnover since the Great Depression. This nineteen month long recession was what brought about the unemployment status that America is still adjusting too. The unemployment rate reached anywhere from 10 to 15% which is particularly high for our country to endure. By June 2010, the United States government decreased the unemployment rate down to 5%.
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.
Research Theory: Since people with disabilities have health complications that can affect their ability to work, employers opt out of hiring them, because altering things at the job may be more expensive than hiring a person without disabilities. After the ADA was passed, it was illegal for jobs to discriminate against qualified people with disabilities. Although the discrimination still exist, in this project
A loss of a job also means the loss of socializing with coworkers. "According to psychologists, in terms of stressful events, the loss of a good job ranks only slightly below a divorce or the death of a loved one" (McEachern, 2015, pg. 104). Economist debate that the other consequences of unemployment can have a critical effect on the person 's health than the loss of salary itself. Unemployment has been connected to a larger prevalence of delinquency and to a range of illnesses, including chronic disease, thoughts of suicide and depression. Individuals who do not work have been reported as always sad, but if they find a job, their sadness decreases simultaneously. Even though people may complain about their jobs, they still need their jobs not only to maintain their livelihood, but for their own personal sake. Furthermore, the individual price of unemployment levies a charge on the economy all because fewer goods and services are being manufactured. The ones who are actually eager and capable to work and they are having hard time finding a job; their employment is gone indefinitely. "This lost income and output coupled with the economic, psychological cost of unemployment on the individual and the family are the real costs of unemployment." (McEachern, 2015, pg.
Unemployment does not only affect the person themselves, but it affects the entire family as well. Some people deal with a loss of a job the same way people deal with a divorce or a death of a loved one. Unemployment can cause different emotions such as stress, anxiety, fear and most of all depression. It creates low self-esteem and makes you want to isolate yourself from others. Unemployment can cause violence in the family and the economy. Some people cope with unemployment quite well by setting goals. Setting goals while b...
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
while or even not at all, they will not be hired as they have no
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.
The purpose of this paper is to understand the effects that unemployment has on the family as a whole. In today’s society being unemployed impacts greatly on almost every aspect of an individual’s life and depending on their personal circumstances, it is likely to impact on other family members lives too.
Youth unemployment is a global problem facing both developed and developing economies. The United Nations define youth unemployment as individuals between the age of 15 and 24 years not employed and actively seeking employment. Statistics only consider youths who have attained the required age of employment who are willing and able to work but without jobs. Unemployment rates raise concerns in all economies. However, the rate and trends vary from one country to another irrespective of the country’s development status. For instance, in Cuba, Sierra Leone and Germany, youth unemployment rates were below 10% as per the year (Petersen & Mortimer, 2011). Sierra Leone is a developing country while Germany is a developed country yet their youth unemployment rates are comparable. On the other hand, youth unemployment rates in South Africa, Armenia and Spain were above 50% as per the year 2010 (Petersen & Mortimer, 2011). In most countries, youth unemployment rate is more than double as compared to an unemployment rate in people above the age of 24 years. Canada is not an exemption as the youth unemployment rate is raising major concerns. In the recent years, issues of youth unemployment have dominated political debates and social forums. More and more youths are leaving institutions of higher learning to end up being jobless. A considerable proportion of the youths are doing jobs that are below their level of educations. Organizations are raising standards in jobs where jobs previously performed by high school leavers are being given to diploma and degree holders. Since 1966, general unemployment rate has averaged at 7.75%. As per April this year, the unemployment rate among the youths was 14.5%, w...