Unemployment is a general problem faced by every country of the world only that in each country there's a level or rate to unemployment.
The unemployment level in LDC's (Least Developing Countries) can't be compared to that of advanced developed ones. And this huge burden of unemployment on the government takes up a large part of the LDC's yearly budget which is very unlikely in well advanced developed countries.
One thing some persons fail to understand is that irrespective of that idea that it's the constitutional responsible of the government to provide jobs for her teeming citizens the fact still remains that there's no part of the world where the government provides all the jobs and that's where private multinationals and entrepreneurial businesses and firms come into play.
As this do go a long way in reducing the burden of unemployment from the government and while on the other hand it boils down on the government to create conducive environment for such MNC's to thrive and do business.
A situation where to an extent there's all levels of job available to citizens of a country, working age wouldn't wouldn't act as a factor to either increasing or reducing unemployment rate.
Topic: Solution to unemployment: creating new jobs or early retirement - page 3. (Read 397 times)
Unemployment is a major problem in grown countries as well as in the growing countries. During the pandemic common people suffered alot losing their ways. Unemployment can be reduced by futuristic plan from the following country's authority. These days the number have decreased as the world have begun to operate post covid-19.
Unemployment can have a negative impact on the entire economy. When fewer people are employed, output and GDP fall. Unemployed workers deplete state and federal government resources while tax revenues are lowered at the same time. Unemployment that persists can have major socioeconomic consequences. During the Great Recession, a research revealed how prolonged unemployment might harm workers' long-term earning potential, affecting the economy for years to come.
You've made it sound easy, but it's possibly the hardest thing that a government has to do - keeping their citizens productive so the country gets richer over the long term. It requires a lot of different factors, but most importantly you probably need a very good education system, an independent legal system and strong institutions that will not sway to public or political opinions. These can take decades, if not centuries, to build up and it is very easy to undermine them if the wrong people get into power. After that, it can also rely on some flukes of geography and the climate can play a big part in what it is possible to do if you're working with limited starting resources.
The only way to lower the unemployment rates is to incentivize the private sector to create new jobs.
but rather going on online based type of jobs which skills could really be learnt out if you do really wanted to.Its just really that an initiative for you to do so if you do really want to have a job.
Its true that government couldnt really be able to provide sufficient works or jobs on a certain country on which there would be always those people who are still jobless.
So as a citizen or an individual who do really mind off about daily living then you would really be finding several ways no matter what it is.
The solution to unemployment some would say is to create more jobs.
Can the government really create enough jobs for every unemployed? with the large and increasing percentage of unemployed persons in the society, i see it as a herculean task for the government to create jobs for every individual. It would have been easier then, but now currently with the rising population and some other factors will be more difficult. What the government can do is to create an enabling environment for the option of entrepreneurship alongside it's scheme to create jobs. Some individuals will do better to society working for themselves than working for someone else. As this is the case, the government can play it's part by supporting them through favourable policies and schemes to ensure that entrepreneurship is profitable for them.
Well their are several reasons for current unemployment ratio in the whole world.
The major cause is government policies. From the beginning the government witch is running on its people, have the responsibility to create
more and more opportunities for them and also think of the coming generation too.
Also the money inflation and current state of conflicts on different region of world witch creating more and more dividing and less opportunity to travel and find more jobs in foreign countries.
In matter of solution, Their are so many opportunities waiting for you to grab but the main point is are you ready to do what it takes to be successful
You have to give you all for anything you are working on and this could create a way for you to get high value and high demand. Also polish your skills as much as you can.
This formula works for me and I think it also work for so many out there.
The major cause is government policies. From the beginning the government witch is running on its people, have the responsibility to create
more and more opportunities for them and also think of the coming generation too.
Also the money inflation and current state of conflicts on different region of world witch creating more and more dividing and less opportunity to travel and find more jobs in foreign countries.
In matter of solution, Their are so many opportunities waiting for you to grab but the main point is are you ready to do what it takes to be successful
You have to give you all for anything you are working on and this could create a way for you to get high value and high demand. Also polish your skills as much as you can.This formula works for me and I think it also work for so many out there.
The only way to lower the unemployment rates is to incentivize the private sector to create new jobs.
The solution is financial freedom at the ideal age.
And another problem lies within this solution. How does one achieve financial freedom at an ideal age? And again this will go to the point where government needs to provide high-paying jobs or business venture opportunities to young entrepreneurs. Financial freedom is easier said than done because people from all walks of life aim to become one but only a few achieved it.In essence, freedom in managing work without having a burden or demands that make time feel imprisoned is different when we consider it as a routine. The financial freedom that I feel will be different from the financial freedom of others. Take the way of freedom to control what really makes our work comfortable.
The only way to lower the unemployment rates is to incentivize the private sector to create new jobs.
Providing low quality education are one of the drawbacks and limitations in the growth of a countries economy. You don't have to go crush on any country like(Russia/Ukraine).
Government are chiefly responsible for job creations, but when they fail is high time we take responsibility for ourselves by becoming self employed, this are normally taught in both college and high schools to be entrepreneurs, solving some of the roles in the society will create job opportunities for other and provide a means of income for once self and family.
As it's normalize to go for what you have a natural flare for,so as not to find your job too cumbersome to handle. Recently most people are moving into the digital world wanting to be an influencer and promoters or having a YouTube channel, investment in Crypto Currencies,Nfts, Affiliate marketing and others too many too mention. With the high cost of feeding I think and feel, it's high time we move isn farming as this will lessen a lot of spending in that aspect as even in the next twenty to thirty years people will still want to eat as that is a good business and a self employed business.
Government are chiefly responsible for job creations, but when they fail is high time we take responsibility for ourselves by becoming self employed, this are normally taught in both college and high schools to be entrepreneurs, solving some of the roles in the society will create job opportunities for other and provide a means of income for once self and family.
As it's normalize to go for what you have a natural flare for,so as not to find your job too cumbersome to handle. Recently most people are moving into the digital world wanting to be an influencer and promoters or having a YouTube channel, investment in Crypto Currencies,Nfts, Affiliate marketing and others too many too mention. With the high cost of feeding I think and feel, it's high time we move isn farming as this will lessen a lot of spending in that aspect as even in the next twenty to thirty years people will still want to eat as that is a good business and a self employed business.
In my country citizens believe that government has the responsibility of creating jobs. But this perception is not 100% true because the government cannot create jibs for everyone. The private sector should be the major employer of labour. But the government has a greater responsibility which is the create enabling environment for businesses to operate. Security, favourable policies and availability of key infrastructures are very important in the quest to attract investors.
Early retirement is not the solution to unemployment because it would still make people unemployed. If you retire someone that is still fit and healthy early he would still go and look for another job. In fact to reduce unemployment retirement age should be limitless. But if the government create an enabling environment for businesses, the owners can run it till they even die.
Early retirement is not the solution to unemployment because it would still make people unemployed. If you retire someone that is still fit and healthy early he would still go and look for another job. In fact to reduce unemployment retirement age should be limitless. But if the government create an enabling environment for businesses, the owners can run it till they even die.
When unemployment is too high it’s not good but when it’s extremely low it’s not good either. Right now we are experiencing very low unemployment levels. It’s hard for employees to find workers.
Next time you go out in Public, look how many times you will find notes saying that they are short staffed or they are hiring. It’s going on everywhere.
This is not good because it decreases productivity. The report came out last week of low productivity levels for workers. And it increases inflation because they need to pay a higher wage which is passed on to the customer.
Next time you go out in Public, look how many times you will find notes saying that they are short staffed or they are hiring. It’s going on everywhere.
This is not good because it decreases productivity. The report came out last week of low productivity levels for workers. And it increases inflation because they need to pay a higher wage which is passed on to the customer.
Creating a more healthy job to encourage younger generation to start working and help the economy rise again, because right now many young people don’t want to go for a job right away, they just want to explore first and when they already want, they are having a hard time finding a job because of being unexperienced. Every country have their own unemployment rate problem, is online blogging considered as employed?
What happens is that due to how many jobs have been automated the number of jobs is going down, and while new technologies also generate new jobs the number of jobs being created vs the number of jobs being destroyed is not the same, and the former is way lower than the latter, this reduces the value of human labor as we have many more people pursuing a reduced number of jobs, so I do no think that the problem of unemployment can be easily solved, and if anything it is bound to get worse. Unemployment can have a negative impact on the entire economy. When fewer people are employed, output and GDP fall. Unemployed workers deplete state and federal government resources while tax revenues are lowered at the same time. Unemployment that persists can have major socioeconomic consequences. During the Great Recession, a research revealed how prolonged unemployment might harm workers' long-term earning potential, affecting the economy for years to come.
The Bureau of Labor Statistics releases the unemployment rate by year for historical statistics on US unemployment trends. It dates back to 1949 and shows the annual percentage of the labor force that is unemployed. It also reflects the success or failure of fiscal and monetary policies through time, as they have an impact on unemployment rates.
unemployment is cause by a number of issues raging from Low level of education, Mental issues, Physical health problems, Gender discrimination, Mobbing, Homelessness, Burnout, Stroke of fate, Financial crisis, Structurally weak regions, Lack of motivation. which begs the question, what is the solution to unemployment?
The solution to unemployment some would say is to create more jobs. The number of jobs that must be produced is determined by the unemployment rate and the number of persons seeking employment. When unemployment rises above 6% to 7% and stays there, the economy is unable to generate enough new jobs. one way new jobs could be generated is the creation of a federal job-training program that subsidizes private-sector firms who hire unemployed, formerly low-wage individuals might help employers struggling during crisis, as well as workers earn money and create a long-term job. This policy should also provide a full federal subsidy for the first three months of employment costs and a half subsidy for the next three months, with the employer guaranteeing to keep the worker on the job for at least another three months with no subsidy.
In Austria, two pension reforms raised the early retirement age (ERA) for males from 60 to 62 and for women from 55 to 58.25. Raising the ERA increased employment by 9.75 percentage points for impacted males and 11 percentage points for affected women, according to our findings. The revisions had a significant impact on the unemployment insurance program, but had little impact on disability claims. Men's unemployment climbed by 12.5 percentage points, while women's unemployment increased by 11.8 percentage points. The employment response was strongest among high-wage and healthy workers, whereas low-wage and unhealthy workers continued to retire early through disability benefits or used unemployment benefits to bridge the gap to the ERA.Taking into consideration spillover effects and higher tax revenues, we show that a one-year increase in the ERA resulted in a reduction of net government expenditures of 107 million euros for men and 122 million euros for women for a typical birth-year cohort.
The Bureau of Labor Statistics releases the unemployment rate by year for historical statistics on US unemployment trends. It dates back to 1949 and shows the annual percentage of the labor force that is unemployed. It also reflects the success or failure of fiscal and monetary policies through time, as they have an impact on unemployment rates.
unemployment is cause by a number of issues raging from Low level of education, Mental issues, Physical health problems, Gender discrimination, Mobbing, Homelessness, Burnout, Stroke of fate, Financial crisis, Structurally weak regions, Lack of motivation. which begs the question, what is the solution to unemployment?
The solution to unemployment some would say is to create more jobs. The number of jobs that must be produced is determined by the unemployment rate and the number of persons seeking employment. When unemployment rises above 6% to 7% and stays there, the economy is unable to generate enough new jobs. one way new jobs could be generated is the creation of a federal job-training program that subsidizes private-sector firms who hire unemployed, formerly low-wage individuals might help employers struggling during crisis, as well as workers earn money and create a long-term job. This policy should also provide a full federal subsidy for the first three months of employment costs and a half subsidy for the next three months, with the employer guaranteeing to keep the worker on the job for at least another three months with no subsidy.
In Austria, two pension reforms raised the early retirement age (ERA) for males from 60 to 62 and for women from 55 to 58.25. Raising the ERA increased employment by 9.75 percentage points for impacted males and 11 percentage points for affected women, according to our findings. The revisions had a significant impact on the unemployment insurance program, but had little impact on disability claims. Men's unemployment climbed by 12.5 percentage points, while women's unemployment increased by 11.8 percentage points. The employment response was strongest among high-wage and healthy workers, whereas low-wage and unhealthy workers continued to retire early through disability benefits or used unemployment benefits to bridge the gap to the ERA.Taking into consideration spillover effects and higher tax revenues, we show that a one-year increase in the ERA resulted in a reduction of net government expenditures of 107 million euros for men and 122 million euros for women for a typical birth-year cohort.
It will definitely improve the situation. Although I don't think Bitcoin is the complete answer to these problems. Sure, with a deflationary currency, people aren't as stressed about inflation: I hear it all the time telling people in the news that inflation is good for the economy... why? Because they can print money to further increase their incompetence? If governments were forced to work with a limited budget, they would pay more attention to the environment they operate, they would have to pay attention to how they do their job instead of being cumbersome in finding tax revenue. It also doesn't help that all the printing devalues everyone else's savings and forces people to invest in increasing the value of assets like homes. and stocks... I don't know if it's a good idea to force people to gamble with their savings.
Creating a more healthy job to encourage younger generation to start working and help the economy rise again, because right now many young people don’t want to go for a job right away, they just want to explore first and when they already want, they are having a hard time finding a job because of being unexperienced. Every country have their own unemployment rate problem, is online blogging considered as employed?
Rather than focusing only on creating jobs, I think the government must focus on creating and supporting income opportunities for its citizen. This stuff isn't only focused on creating jobs for employees but on creating a source of income for the unemployed, freelancers, entrepreneurs, and investors.
Crypto currency will help the unemploymed for now.Only to share the knowledge about the project with the old friend or bitcoin.While sharing the knowledge,he will join their and earn good money from bounty for sure.So he get some employment from the crypto currency.By this way we can eradicate the unemployment in this world country.
The solution is financial freedom at the ideal age.
And another problem lies within this solution. How does one achieve financial freedom at an ideal age? And again this will go to the point where government needs to provide high-paying jobs or business venture opportunities to young entrepreneurs. Financial freedom is easier said than done because people from all walks of life aim to become one but only a few achieved it.Creating a more healthy job to encourage younger generation to start working and help the economy rise again, because right now many young people don’t want to go for a job right away, they just want to explore first and when they already want, they are having a hard time finding a job because of being unexperienced. Every country have their own unemployment rate problem, is online blogging considered as employed?
Rather than focusing only on creating jobs, I think the government must focus on creating and supporting income opportunities for its citizen. This stuff isn't only focused on creating jobs for employees but on creating a source of income for the unemployed, freelancers, entrepreneurs, and investors.
Creating a more healthy job to encourage younger generation to start working and help the economy rise again, because right now many young people don’t want to go for a job right away, they just want to explore first and when they already want, they are having a hard time finding a job because of being unexperienced. Every country have their own unemployment rate problem, is online blogging considered as employed?
There are a lot of reasons behind unemployment and it can't be solved so easily by just choosing A or B.
What was working in past, doesn't work in the modern world anymore. In the past women were used to stay at home and take care of family members, including the children but now they have the possibility to build career and work with men, this significantly increased the competitiveness and made the market more saturated.
The population is increasing and a lot of business integrates the automation system in order to function with minimal or no human intervention that helps them to save a lot of money and increase the efficiency and speed of the operations.
What is the most demanding now? The software development and works associated with informational technologies. Not everyone has the mental capacity to become a software engineer or data scientist, other sectors just pay too low to afford a normal quality of life. People who work in McDonalds, KFC, in supermarkets, Restaurants, etc have to do a lot but are paid very low, this makes them depressed and young people lose motivation. Some people learn economics, business administration, laws, etc but after 4 years of graduation and masters degree they analyze that the market is so competitive and there are so many, so many people out there in their field that it's almost impossible to get employed if you aren't the best or don't have great connections. These young people analyze this fact in late and lose hope.
What will be the most demanding in the future? Trades skills. At the moment there is not much salary in trades but the skilled labor shortage is expected that will in turn increase the salaries. But the young generation was taught that it's a dirty job and they should enter the university and graduate, etc.
The development and adoption of social media, especially Instagram makes it clear that hot girls don't want to be with the boys who do dirt work.
Some people are lazy and play games, their parents earn enough to feed themselves and the family members and don't push their sons and daughters to work.
Summarise everything and you'll understand the mistakes of humanity.
What was working in past, doesn't work in the modern world anymore. In the past women were used to stay at home and take care of family members, including the children but now they have the possibility to build career and work with men, this significantly increased the competitiveness and made the market more saturated.
The population is increasing and a lot of business integrates the automation system in order to function with minimal or no human intervention that helps them to save a lot of money and increase the efficiency and speed of the operations.
What is the most demanding now? The software development and works associated with informational technologies. Not everyone has the mental capacity to become a software engineer or data scientist, other sectors just pay too low to afford a normal quality of life. People who work in McDonalds, KFC, in supermarkets, Restaurants, etc have to do a lot but are paid very low, this makes them depressed and young people lose motivation. Some people learn economics, business administration, laws, etc but after 4 years of graduation and masters degree they analyze that the market is so competitive and there are so many, so many people out there in their field that it's almost impossible to get employed if you aren't the best or don't have great connections. These young people analyze this fact in late and lose hope.
What will be the most demanding in the future? Trades skills. At the moment there is not much salary in trades but the skilled labor shortage is expected that will in turn increase the salaries. But the young generation was taught that it's a dirty job and they should enter the university and graduate, etc.
The development and adoption of social media, especially Instagram makes it clear that hot girls don't want to be with the boys who do dirt work.
Some people are lazy and play games, their parents earn enough to feed themselves and the family members and don't push their sons and daughters to work.
Summarise everything and you'll understand the mistakes of humanity.
Unemployment rate caused by many reason and you can consider here is the salary that they can get and also there’s a lot of ways to earn money online and maybe this also affects this simply because people will rather choose to earn money on their own that to work regularly everyday especially when they are more effective online. Reducing the retirement age can’t help at all since retired people are no longer part of the unemployment rate computation. Creating more jobs is the key, and increasing the pay so people don’t need to find another job just to support their daily needs, underemployment is also a concern.
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