Depression can also occur when the self-esteem of a person is damaged. An individual who has gone through school, earned a degree and spent a lot of money in the process can become so frustrated with life when he or she is unable to get employment.
Depression can lead one to drugs and alcohol abuse as a coping mechanism. Decreased demand for consumables: Consumerism is fueled by the purchasing power of the middle class. When people have jobs and are well paid, their purchasing power also improves.
Lack of jobs, underpayment and underemployment cause a decrease in the purchasing power of citizens. Idleness forces them to find something to occupy themselves with. As mentioned before, areas with high rates of unemployment have very high crime rates. Economic stress also causes societal unrest as citizens become frustrated with their situations and try to find ways to attain better lives.
Youth Unemployment Causes and Solutions - Peace Child International
This can be perpetrated through civil unrest to get the elected leaders to act and remedy the situation. Unable to repay loans and due expenses: Defaulting on loan repayments was one of the reasons why the U. S economy went into recession in The banking sector suffered losses and this affected several sectors of the economy. Defaulting on repayment can also cause people to lose their property through foreclosure and repossession.
It can set an individual back financially and trigger a chain of severe effects such as bankruptcy and loss of business.
These are some of the ways in which the issues of unemployment, underemployment, and underpayment can be tackled:. Education: They say education is the key to success. It opens the door to many possibilities and equips one with both life and work skills.
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The lack of education condemns one to a life of poverty. There are people who would like to stay in school and attain the highest level of education that they possibly can but are limited by lack of money. Education should, therefore, be made accessible to everyone. One way of achieving this goal is by making basic education free for all.
The government should also make it easier for students to access loans to pay for their education. In this way, more people will be able to go to school and learn important skills. Changing the syllabus to meet the challenges of the contemporary job environment is also a good approach. This should be done to keep up with the pace of technological changes.
Skilled Based Training, Vocational Training, Technical training : Skills and techniques should be taught through skilled-based training, vocational training, and technical training. This would greatly benefit those who are unable to afford university education or did not obtain sufficient grades to get into one. It would help tackle the problem of unemployment among the youth in rural areas who tend to end their pursuit of education after completing high school.
Equipping them with such skills make them employable in a labor market that is very dependent on technical skills and training. Such training would also put them in a position where they qualify for better pay. Employers tend to pay skilled workers better than unskilled laborers.
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Creation of diversified job opportunities: Economic policies go a long way in determining the rate of unemployment in a country. This can be drawn from the example of the global recession when many firms closed shop or downsized the number of employees to stay in business. Good economic policies will lead to the creation of jobs and reduce the level of unemployment in a country. Generation of better employment opportunities at all levels such as skilled, unskilled and professionals can also minimise the rate of unemployment.
Encouraging the culture of entrepreneurship among the youth would also play a vital role in growing the economy and cutting down the number of unemployed young people. Explore the hidden qualities: Creating awareness to help people find their hidden qualities can also be a way to address the problem of unemployment. This would encourage self-employment and reduce overdependence on the formal job sector.
A naturally gifted artist can make art and sell it. A talented soccer player can improve his or her skills and become a professional player. A poet or creative writer can also use such talents to earn money. One of the reasons why many people who have gone to school rely too much on the formal job sector for employment is that the school system conditions them that way.
Definition of Unemployment
It is lost on many of them that talents can also be used to earn a good income and lead a comfortable life. Creating awareness about this issue can go a long way in making people proactive and cultivating a culture of self-employment among them. Many of the richest people in the world depend on their natural qualities to make money. Improved communication for available job opportunities: Looking for a job is not an easy task. For many people, the biggest challenge is usually in identifying the available job opportunities.
Where does one start from? Who do you talk to? What is the best way to make the application?
Unemployment in India: Types, Causes and Solutions To Reduce Unemployment Rate
There should be improved communication for the available employment vacancies to guide those interested in where to look. Sometimes companies do not find the right person for the available opportunity because the position was not properly advertised. Better communication will see a high number of people go for the available vacancies. Geographical mobility beyond national borders: The one factor that has driven globalization is the advancement in technology.
It has provided easier access to information and increased avenues of communication. Thanks to social media, people are now more culturally aware than before. A person living in, say India, has an idea of the culture of Australians because of platforms like Facebook and Twitter.
Short essay on solutions to Unemployment Problems in India
The generated interest means that more people are now comfortable with going to foreign countries to pursue employment opportunities. Fifthly, the spread of industries in an agricultural country like India increases the unemployment problem more. Unlike agriculture, there is little scope for employment in industries. Moreover, the farmers in India remain partially unemployed because farming can't provide them full engagement all year. Some Solution to the Problem:. Here are some suggestions to solve the problem.
We should first bring about a complete change in the present education system so that our young students will be self-reliant and they will no more seek any government jobs to earn their livelihood. Instead of setting up heavy industries in the country, we should encourage useful small-scale and cottage industries which will undoubtedly provide engagements to more and more people.
Our agriculture should be modernized so that it will attract our educated youth. The unemployed young men and women should be extended every financial aid to pursue some occupation independently and thus earn their living.
While preparing our national plans, the government should pay particular attention to create more fields for self-employment. All these steps may help us solve the problems. Our government have already started taking already started taking some steps in this regard. There is a lot to be done yet.
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