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  • Essay / The problem of unemployment, its cascading effects and solutions to tackle the problem from different angles

    Unemployment is a critical social and economic problem in both developed and developing countries. A recent survey shows that Arab youth consider unemployment a serious problem and a great social concern. This report discusses and defines the problem of unemployment, its cascading effects and suggests solutions to tackle the problem from different angles. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe definition of unemployment according to the International Labor Organization (ILO) is: “persons aged 16 or over are unemployed if they are: Unemployed, want a job, have actively looked for work in the last four weeks and are available to start work in the next two weeks. Or they are unemployed, have found a job and are waiting to start it in the next two weeks. » Unemployment can be voluntary or involuntary. Voluntary unemployment is a situation in which a person becomes unemployed due to their own desire not to work at the prevailing or prescribed wage (i.e. they choose not to accept employment ). On the other hand, involuntary unemployment occurs when a person is separated from gainful work and deprived of wages, although he is capable of earning his wages and also eager to earn them. The unemployment rate is defined as the percentage of unemployed people in total workers. labor force, the total labor force includes all employed and unemployed people within an economy. (Team, 2018)Unemployment rate = (unemployed)/(total labor force) *100%The unemployment rate is a very important indicator because it provides insight into the spare capacity of the economy and unused resources. Unemployment generally increases as economic activity slows. Below is an illustration of the unemployed youth unemployment rate in the Arab world in 2014 and 2016. The year 2012 shows that about 6% of the world's population is unemployed and it is the youth who are unemployed . Unemployment is the biggest concern of Arab youth who believe that their biggest concern for the future is the fear of unemployment. These are the results of the ninth ASDA'A Burson-Marsteller survey on Arab youth, this survey was conducted among 3,500 men and women of Arab nationality aged 18 to 24 between February 7 and March 7, 2017. This survey based on face-to-face interviews. -face-to-face interviews carried out in Arab countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Algeria, Egypt, Libya, Morocco, Tunisia, Iraq, Jordan, Lebanon, Palestinian territories and Yemen) . The sample expressed concerns about not being able to keep their current jobs or find a new one, as they complain about the job market in their relevant Arab countries. No less than 35% of young Arabs surveyed are concerned about unemployment. Unemployment Rates in Different Countries (Statistics / Facts and Figures)According to data presented by the Central Bank of the UAE, the unemployment rate in the UAE was 1.72% in 2017, compared to 1.64% in 2016 The total unemployment rate in the UAE decreased to around 2.44% in 2014, from 2.82% in 2013. According to the same estimates, in 2017 the unemployment rate was 1.72%. With a population of 9,400,000, the job change was 3.20%. Based on data collected in 2017, the unemployment rate in United Arab Emirates is relatively less since the ratethe highest is Spain with 16.74%, Turkey 9.6%, the lowest rate in Switzerland 2.40% and Japan 2.20%. - 16.55 - 26.94 - 4.41% QuarterlyTurkey - 9.6 - April 18 - 10.1 - 14.8 - 7.3% MonthlyFrance - 9.2 - March 18 - 9 - 10.7 - 7.2% Quarterly Canada - June 6 - 18 - 5.8 - 13.1 - 2.9% Monthly United States Kingdom - 4.2 - May 18 - 4.2 - 12 3. - 4% Monthly United States United - 4 - June 18 - 3.8 - 10.8 - 2.5% MonthlyChina - 3.89 - March 18 - 3.9 - 4.3 - 3.89% QuarterlyIndia - 3.52 - 17- Dec - 3.51 - 8.3 - 3.41% AnnualGermany - 3.4 - May 18 - 3.4 - 11.5 - 0.4% MonthlySwitzerland - 2.4 - June 18 - 2.4 - 5 .7 - 1.5% Monthly Japan - 2.2 - May 18 - 2.5 - 5.5 - 1% Monthly The main reasons for unemployment are: The collapse or closure of businesses. Workforce reductions and layoffs. Lack of educated, qualified and experienced personnel. competent people. Lack of employment opportunities due to limited number of businesses and industries. Low or insufficient salaries. Automation and new technologies. Fewer workers are needed to run more technologically advanced businesses. Technical difficulties in adapting to changing industry requirements. Seasonal variation because some jobs are seasonal (agriculture, tourism and construction). Off-season workers are laid off. Students return to full-time education. The effects of unemployment affect not only workers but also their families who lose their wages, and society as a whole loses its contribution to the economy in terms of goods or services that could have been produced, thus creating a cascading effect which has repercussions on the entire economy. Unemployment affects even those who are still employed, as it increases the amount of work they have to take on. Additionally, unemployment has a negative mental effect on those who are still working. As they become more and more afraid of losing their own job or looking for something better because they are “lucky” to have a job. They may also feel guilty about having a job when their colleagues are unemployed. Solutions to unemployment, challenges and social integration Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Unemployment is It is one of the oldest human problems, in which different factors interact and can lead to an increase in poverty situations. Humans have always tried to solve it because it affects society by implementing effective and efficient strategies that help reduce unemployment. “Across the world, there is growing recognition of the need to strengthen policies and investments involving young people…Young people can determine whether this era is moving toward greater peril or toward more positive change. Let's support the young people of our world so that they become adults. creating even more generations of productive and powerful leaders,” said Ban Ki-Moon, Secretary-General of the United Nations. Here are suggestions for solving the unemployment problem that ensure effective interaction between all members of society: Change in industrial technique, for example the manufacturing approach, must be adapted to the needs and means of people. It is vital that labor-intensive production is encouraged in place of capital-intensive production. Policy regarding seasonal unemployment: For example: Agriculture should have multiple crops. Plantations, horticulture, dairying and animal husbandry should also be encouraged. Cottage industries should be encouraged. Change in the education system: The education model should.