The long- term effects of unemployment on a person essay
Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment, it has a devastating effect on the individual, family, and economy. Unemployment defined by the Encyclopedia Britannica is the condition of one. Poverty is a big problem when it comes to unemployment. Some people only rely on government assessment for example food stamps, unemployment checks, Medicare, WIC, etc. There are ways to better your life and get off of government assessment.
This further implies that demand or supply side shocks to unemployment have the tendency to permanently affect the unemployment path Saeid Eisazadeh There are several explanations for the persistence of unemployment, George S. The first states that long run unemployment rate is impacted by exogenous shocks. The Effects of Unemployment Roderick C. Corporate America has taken major cutbacks in the working labor department that has left many citizens unemployed and destitute. Anger and concern over layoffs, wage unproductivity, declining benefits, and the movement of jobs overseas has left citizens with harsh and undesirable views of the. What this creates is the first type of unemployment, known as cyclical; frictional is the second type, caused by a temporary leave for whatever reason by the employee, and structural is the third type, varying with the economic changes in demand.
This sample essay from Ultius will explore how long term unemployment is a serious issue facing the world at large, and is particularly damaging when applied toward the youth. As the current economic climate forces young workers to seek employment wherever they can find it, the continuous addition of more and more degree holders only decreases the value of a university education. More than ever, young people are finding it very difficult to get a job. This is a global issue that spans nations and languages. The youth of today represent a vibrant and eager potential workforce.