Topic: Solution to unemployment: creating new jobs or early retirement - page 4. (Read 397 times)

As much as possible, creating new jobs will give a very good heads up to the government. It may not be lucrative jobs, but it will lessen the unemployment among its people. With less unemployment, means, people can support themselves and it will also reflect on the spending power of its citizens. Maybe less crime also as people are busy attending their jobs. The government can create new jobs by creating projects for new infrastructures such as buildings, roads and others. The more projects they have, the better for its own people. And with less time for vices, will translate to less crime. So at the end, it will be a win-win situation for the government as well as its people.

The solution is financial freedom at the ideal age. Not all unemployed become a burden when they do have talent but there are no facilities provided by the government. So this often results in macroeconomic instability. Some people decide to retire early from work and open their own businesses, others are still forced to work because of urgent needs driven by rising prices of basic commodities. All financial needs must be considered by the state, but the fact is that at this time the pandemic has wiped out the economy in almost every corner of the country. As a result, the swelling social and economic inequality cannot be overcome.

Permit me to say not can it have a negative impact on the economy but it has already causes many economical problems relating to increasing poverty and social vises such that are the major constitute of crime and fraudulent activities in the society.


Employment of the youths should be one of the utmost provisions government should put in place in other to keep the running of the economy system on a balanced gauge, GDP is very important in every country as this is related with the determination of the  population size and the efficient output of man labour.

Lowering retirement age can't solve the issue of unemployment because this will put the society at risk of having  higher taxes and reduced benefits from Medicare and Social Security and this might pose some insecurity to the society.  on the other hand Job creation without skills might be an average solution but not the ultimate solution. Having job-training programs that can inspire remote jobs, entrepreneurship and partnership can go a long way. it is obvious the government can't employ everyone but programs that can help start-ups can be organized

Unemployment is a serious problem that even governments in many countries cannot solve.  i am a former employee, the uncertainty of the future and the mediocre salary made me decide to set up my own small business and now it is running smoothly.  It's very difficult to change people's perspectives, only yourself and circumstances can change that because being unemployed is stupid.

I think the problem of unemployment is the challenge of the government. Government is responsible for the security of people's lives and property, also to provide better welfare for the people too. If there are no jobs for all class of people then the government is not performing to the best. All class of people suppose to have no  including cripple, the deaf and the dumb suppose to have a living from the government provided job but currently this unemployment is rising.

What I see as unemployment is the dependant of a nation on other nations that it ought not to be, if a nation is not producing and having services enough for the country to grow and develop and create enough employment but depending on other nations goods and work forces that his nation needs, then such country will have high rate of unemployment. Unemployment is not about the retirement age. We can see many countries that are depending on countries like US and China as their leaders failed to develop the countries, see Africa countries that are very dependent and see how their unemployment rate has increased.

Lowering the age of retirement puts at risk the social insurance systems.
An increased amount of retired people increases the costs while a decreased amount of active workers decreases the revenue of the social insurance funds.
Creating government jobs is not a good long term solution for lowering the unemployment rates,because it makes many people dependent of the government and it also increases the budget deficits(while most governments in the rich developed countries have gigantic national debts).
The only way to lower the unemployment rates is to incentivize the private sector to create new jobs.
I don't know if this is possible,because the electricity and oil/gas prices will be going up.
We might enter a period of stagflation and unemployment rates will inevitably go up.

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.