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Oral about the impact of unemployment
Social effect of unemployment
effects of unemployment
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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...
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... 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
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