Unemployment And Unemployment Analysis

The relationship between inflation rate and unemployment rate are normally using the curve called “Phillips curve” to explain how inflation and unemployment related and it also believed that the economies can face only one thing either inflation or unemployment. According to the Phillips curve on the left side the number of unemployment and inflation are inverse, when inflation rate is high but unemployment rate is low and when inflation is low the unemployment is high. But high and low is depend on only between value of unemployment and inflation rate so it not mean cannot use in Thailand because Thailand have both in low but low at this thing mean lower than other country when we compare the unemployment and inflation rate with every countries

Low unemployment in Thailand are cause by many reasons, one of the major part is Thailand is a agricultural country and the product about food can make a lot of money from the export Furthermore, this part can effect inflation to be low because product are export more than consume in domestic and also effect unemployment to be low as the agriculture need more people to work than the output that they can make. This situation can be explain that why Thailand have both low inflation and unemployment because of they can produce the product to make economic growth but the wage of worker in Thailand are still low even in this time there are more equality for worker than before because the agricultural product can make more money by export but the profit that worker get are still low to use their money with other things that they don’t need so the inflation rate is still low therefore people are more and more attend to work so that make low

Self employed can create job easier than finding job from company and wait for them to accept worker to work so this thing make the unemployment low because people don’t have to wait for the result from the company, they only find what they want to do or sell and then do it so it can save more time of unemployed. However, self employed not only have advantage but also have disadvantage, not every people can do business by their own some people may success but some may fail so it can make number of unemployment fluctuate. Furthermore, the Thailand’s demography have a decline of birth rate for over and over the year so that make people in each generation have less and less also make unemployment rate low because in each year people who can be count as labor force are less and less also if the number of job have the same but number of people are less so people will having more opportunity to get the job and be