The most important issues related to unemployment and the factors leading to increased unemployment in Bhutan.
explanatory Essay
773 words
Unemployment can be defined as one of the alarming issues as it has played its toil in enshrouding the nations with its disastrous consequences. It has now presumably become a trend to hear the declination of employment in Bhutan because of the fact of Bhutanese opting for the white collar jobs (Wangchuk, 2012). Therefore, this essay will attempt to depict the devastating outcomes related to unemployment on the individuals, poverty and on the socio- political situation, and the factors such as mismatch of skills and expectations, job preferences and lack of entrepreneurship among the Bhutanese youth that bring an upsurge in the number of unemployment rate in Bhutan.
According to The Cost of Unemployment to the Economy (2011), the issue related to the unemployment is the impacts on individuals. “When a person is unemployed, there is understandably an immeasurable impact to that person’s standard of living.” (The cost of Unemployment to the Economy, 2011). Unemployed individuals are unable to earn money to meet financial obligations. Prolonged unemployment can displace skills, principally raiding the economy of useful capacities. It can also coerce families to refute educational prospects to their children and rob the economy of those future skills. It can also affect individuals’ mental and physical states shortening life spans. It also tends to increase vulnerability to myriad diseases such as malnutrition, illness and loss of self- esteem leading to depression.
The second issue related to unemployment can be poverty. The poverty commission identified unemployment as a major cause of poverty (Saunders, 2002). One person in every six (16.6) of the unemployed were below the poverty line in 1972 to 1973 (Saunders, 2002). With...
... middle of paper ...
... conversely Bhutan also has to bear the considerable consequences.
Works Cited
A. Chhetri, P. (2011, July 15). Youth unemployment remains high at 9.2%. Bhutan
Observer, p.3.
B. Choden, T. (2011, August 14). Enough for all. Bhutan Times. Retrieved from http:// www.bhutantimes.bt C. Rinchen, K. (2008, July 17). Education reform in Bhutan: Meeting the youth employment challenge.
D. Saunders, P. (2002). Social policy research centre discussion paper no.118. Sydney:
Social Policy Research Centre.
E. Wangchuk, P. (2012, September 14). The irony of unemployment in Bhutan. Bhutan
Observer. Retieved from http://www.bhutanobserver.bt
In this essay, the author
- Explains that unemployment has played its toil in enshrouding the nations with its disastrous consequences. this essay will attempt to depict the devastating outcomes related to unemployment on the individuals, poverty, and socio-political situation.
- Explains that unemployment has an immeasurable impact on individuals' standard of living. unemployed individuals are unable to earn money to meet financial obligations.
- Explains that the poverty commission identified unemployment as a major cause of poverty. the increase in the rate of unemployment can accelerate engulfing any nation.
- Explains that unemployment has played its toil in enshrouding the nations with its disastrous consequences. this essay will attempt to depict the devastating outcomes related to unemployment on the individuals, poverty, and socio-political situation.
- Explains that unemployment has an immeasurable impact on individuals' standard of living. unemployed individuals are unable to earn money to meet financial obligations.
- Explains that the poverty commission identified unemployment as a major cause of poverty. the increase in the rate of unemployment can accelerate engulfing any nation.
- Explains the third issue related to unemployment is an upsurge in the number of conflicts on socio-political situations which can result from civil unrest. the fall of the weimer republic in 1933 and adolf hitler’s rise to power are the instances which were arisen as a result of high unemployment rate.
- Explains the factors leading to increased unemployment in bhutan are mismatch of skills and expectations.
- Explains that the prime minister and the minister of labor and human resources informed the bhutanese graduates that there are innumerable opportunities and that they should not be too selective.
- Explains that bhutan's lack of entrepreneurship among the youth can thwart them from starting a new business.
- Explains that unemployment can be distressing on any society's individuals, poverty and socio-political situation. the royal government of bhutan has initiated a new program, the small business resource centre, which can abate certain unemployment problems.
- Explains that youth unemployment remains high at 9.2%. bhutan observer, p.3.b.
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- Explains that a person who is able to work and willing to do so corresponds to productive output. the opportunity cost of unemployment, the tax and benefits effect, and the reverse multiplier effect.
- Explains that the private and the social costs of unemployment influence the economy of a country to worsen as more and more people lose their jobs.
- Explains that public training, work-sharing, and early retirement policies have shown their reliability and efficiency.
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