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Unemployment Essay Topics & Paper Examples

Effects of Losing a Job

Having a job is one of the reasons for a person to be stabilized, especially when you are having or planning for a family. When one has a job, you make money that can sustain your needs or wants and provide everything the person and whole family’s desire. But what if all of a sudden, lose the job? What would be the effects of losing one’s job to you and to the family? The effects of losing a job can affect the whole family a lot. The most immediate and devastating impacts of job loss are loss of normal income, grief and deep anxiety, inability to pay rent, and academic trouble for the children. The most immediate and devastating impact…

Real GDP, unemployment rate

Economic indicators measure and characterize the current state of economy. Unemployment rate, inflation rate, real GDP, and oil price per barrel form the general economic picture and show further directions of economic policies and tactics. “Real GDP is gross domestic product in constant dollars. In other words, real GDP is a nation’s total output of goods and services, adjusted for price changes” (Picker, 2007). Real GDP is often compared to nominal GDP which is always expressed in current dollars. In the third quarter of 2007, real GDP equaled to 11658. 9 billion of constant dollars, having increased 4. 9 percent as compared to the second quarter of 2007. Gross private domestic investment is one of the basic components of real…

International Trade and Foreign Exchange Rate

This speech will discuss several topics concerning international trade and finance. The first topic of discussion will explain what happens when there is a surplus of imports brought into the United States, and the specific example used will be China trade surplus as it jumped in July 2012. China exports to the United States rose 13.6% to $165.3 billion and their exports to Europe fell 0.8%. The increase in the surplus of imports causes businesses to have more products to offer consumers, lower the prices of the products, and leads to consumers purchasing more products. Purchasing more products increases the revenue for businesses, and causes major movement of money. The next topic that will be discussed is the effects of…

Successes and Failures of the New Deal

SSA- Since its enactment in 1935, Social Security has also been America’s most popular social program, and surveys show continued support. The SSA is the most successful social program ever enacted in the United States, guaranteeing a measure of basic security for nearly all workers and their families. For nearly two-thirds of the elderly, Social Security provides at least half their total income; for 22 percent of them, it is the only source of income. Without it, the poverty rate for the elderly would jump from 10 to 48 percent. Social Security is not just for retirees: it also provides monthly benefits for disabled workers and their dependents, and for the dependents of deceased workers. Together, these two groups comprise…

The Psychological Effects of Unemployment

Outline I. Introduction A. Opener: B. Thesis Statement: Unemployment not only affects the country’s economic status but also leads to various psychological impacts on the unemployed group. II. People who are unemployed have a higher risk to suffer from depression. A. Depressed most of the day as indicated by subjective reports or observation B. Occurs when people lose their jobs and feel unhappy C. Become slow, less productive, indecisive, uncertain and careless in doing things III. A person who is unemployed may become aggressive. A. Become dangerous to themselves or others and change in mental status or sudden behaviour change B. Feels frustrated due to lose of job and want to vent his emotion C. Family abused and cause injuries…

Unemployment Reflection

In all parts of the world, there are people who have a hard time finding work. A person who is unemployed faces a number of serious problems ranging from financial difficulties to low self-esteem. Some people believe the government should take steps to reduce the unemployment rate but others feel it is up to the individual to secure a job. In my opinion, there is an element of truth in both of these points of view. Government measures aimed at reducing unemployment include training schemes to teach the skills and qualifications required to compete in the job market and job creation through tax breaks and government funding programmes. By boosting the economy and offering incentives to businesses to take on…

Extent and Causes of Unemployment and Inactivity in the UK Today

An economy population can be divided into two groups, the economically active and those economically inactive. The Economically Active is referred to the part of a countries’ population that is willing and able to work. This includes those that are unemployed and those that are currently and actively engaged in a particular job. The rate of unemployment is defined as the percentage of the unemployed that are unemployed and actively seeking for one. In this essay, I am going to discuss the extent of unemployment in the UK today. I am going to critically address the extent of unemployment by comparing geographical regions, sex, race, age groups and educational achievement. Then in order to conclude the extent of unemployment, I…

Affect of Unemployment in Economy

Unemployment (or joblessness) occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate.[2] According to International Labour Organization report, more than 197 million people globally are out of work or 6% of the world’s workforce were without a job in 2012. There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, New classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving…

Unemployment Analysis

Unemployment occurs when a person is not working but is actively looking for work. Economists have essentially identified four different types of unemployment which are frictional unemployment; structural unemployment; seasonal unemployment; cyclical unemployment. Frictional unemployment is best described as a highly skilled worker that is in between jobs because they are holding out for right job that best suits their needs and skills. Frictional unemployment usually occurs when someone leaves their job in search of a better one or a when a college graduate is seeking employment and wants to find the best job in their field. Frictional unemployment is ongoing and impossible to eliminate even in the best performing economy. As a matter of fact, frictional unemployment is the…

Jobless

Millions of workers have lost their jobs due to downsizing. At the same time, many organizations are complaining that they cannot find qualified people to fill vacancies. How do you explain this apparent contradiction? A recent news came out dated June 6, 2013 by Reuters that Philippines’ jobless rate stood at 7. 5% in April, the highest in three (3) years according to the National Statistics Office (NSO). Philippines is said to be the Southeast Asian country with the highest rate of unemployment even the fastest growing economy – a jobless growth indeed. Downsizing strategy is common nowadays in business sectors and firms. This is to improve the financial performance of the firms by reducing the cost they invested in…

Cause Of Unemployment

Unemployment is a status in which people are without a profitable job. It has been an major issue in most societies nowadays and is a problem that most countries have been facing and are trying to address. Moreover, when we talk about unemployment, we have to consider the employer and the employee point of view. Till this date there are significant theorical debates regarding the causes, consequences and solutions for unemployment. This essay will focus on causes and effects of unemployment in our society. These days, one of the biggest causes of unemployment is the Global Recession. When a country goes through economic crisis, the consume of goods and services tend to reduce; as a result, many people are being…

Malaysia Unemployment Rate

An unemployed person is one who is able and willing to work yet is unable to find a job. Unemployment rate is the number of people officially unemployed divided by the labor force. Official unemployment measures those over the age of 16 who are able for employment, but are unable to obtain a job. The labor force is the number of people over the age of 16 who are either employed or unemployed. In year 2005, unemployment rate in Malaysia (3.0%) higher than unemployment rate in Cambodia (2.5%). Malaysia is a heaven for job seekers who are not so particular on what job is available. As long as there is a job, they will just take it. The fact is…

Unemployment Discrimination

The downturn in the economy has resulted in a high percentage of long-term unemployed people. To combat the issue, legislatures are attempting to make it illegal nationwide for employers to post job openings that bar unemployed applicants, and by making unemployment a protected classification. As these proposed laws will impact businesses and how they operate, it is crucial for businesses, human resource professionals, and labor and employment counsel to understand the changing laws and the implications on employers with operations in each affected state. Once a better understanding of the anti-unemployment discrimination issue is gained, employers will be better prepared to comply with the existing and potential laws so as to avoid penalties. Findings will show that there are better…

Shoplifting is a crime born of poverty

Shoplifting means someone involve stealing from the shop during business hour. Shoplifting is an old problem for merchants. There are lots of reasons to shoplift, range from very poverty and satisfy the desires or mental illness. Although there are lots of anti-shoplifting devices in place and the increase in police patrols and offers the retailers guidance on preventive measures, the rate of shoplifting in the world is still increasing. According to the Home Office crime statistics, there was a 10 percent increase in shoplifting in United Kingdom in the year of 2009. According to the Global Retail Theft Barometer research (2009), total global shoplifting in 41 participating countries costs economic lost for around $114,823 billion. Therefore, shoplifting is a serious…

What Is the Evidence of Welfare State Retrenchment?

1. Introduction 1. Crisis of Welfare State At the end of the 1970’s, the welfare state moved into crisis (OECD, 1981; Rosanvallon, 1981). As the period of high economic growth ended and stagflation appeared, governments couldn’t afford the social expenditure which had been expanded before. Fiscal deficit appeared and unemployment rate started to increase with economic depression. The idea shared by neo-Marxists and neoliberals was that the redistributive logic of the welfare state was contradicted by the logic of capitalism and that the welfare activities of the state would have to be rolled back or reconfigured so as to conform to the needs of capitalism.[1] 2. What does Welfare State Retrenchment mean? Similar to the neo-Marxists’ and neoliberals’ insistence, since…

Unemployment

In every society there will always be a number of people who are unemployed. Unemployment is when there are people in our society who desire work but are unable to obtain it because of the fact that there are not enough jobs for everyone. There are many factors that can cause unemployment but one of the biggest factors is lack of private investment. This is caused by private companies not expanding their activities fast or not expanding them fast enough. Another main factor of unemployment is the increase of labour costs. Labour costs are the wages and salaries businesses have to pay their employees. This is a bad thing because if there wages and salaries increase to fast or are…

Youth Unemployment in Russia: Possible Solutions

We know that youth unemployment has hit a “record high” in our country and that the problem is now a “national crisis”. According to the official statistics youth unemployment in Russia is about 27%, it is much higher than the average rate in the world, which is about 12%. Such a high rate of youth unemployment in our country has a whole number of negative repercussions. And only a few of them are hard drinking and drug addiction in rural areas of Russia, not dropping brain drain, and increasing crime rate. Besides, the whole generation, the so called future of Russia, finds itself overboard the society. Therefore no doubts that some serious measures should be taken by the government and…

Inflation and Unemployment

Recently, the United States of America has been bombarded with a great financial crisis. Many companies resulted to bankruptcy forcing the owners to close their businesses. Other companies had lay-off some workers to lessen the operating costs of their business. Few other companies resulted to cutting the employee’s benefits to avoid laying-off and closure. Workers earning below marginal income resigned from their job in the hope that they could find another job which pays better. Among these responses, the most notable problem is the increase in the rate of unemployment. In a report from Bureau of Labor Statistics (2009) among the 2,309 population in Iowa only 1,602 are employed while 62 are jobless in 2007. In 2008, from 2,325 members…

Compensation and Benefits Strategies Recommendations

Compensation and Benefits – Landslide Limousines As a team of consultants at Atwood Allen and consulting, we have received a request to develop a compensation and benefits plan to support Bradley Stonefield as he opens up his limousine business in Austin, Texas. In Bradley’s initial request, he requested that his package be similar/comparable to other limousine company’s in the area. Mr. Stonefield still maintains that he will hire twenty-five employees, and projects a first year annual revenue of negative $50,000. Another important note is Mr. Stonefield projects a 5% increase in revenue each year over the next few years. In order to come up with an effective strategy, Team A will have to look at how Landslide Limousines can disrupt…

Minimum Wage Essay

An increase in minimum wage immediately sounds like a good idea, however it is not as simple as it may seem. Minimum wage laws have been in the U.S since 1938. Their purpose is to make sure no American employees are living below a certain standard. However the minimum wage laws apply to those who are actually employed; could it be that the higher the minimum wage, the higher the U.S unemployment rate? The U.S congress has recently been debating whether to raise the minimum wage from $7.25 to $10.10 an hour. An increase in the minimum wage simply will not be beneficial to our country economically or socially, because jobs will be lost and minorities will suffer the most….

Why the Minimum Wage Should Be Raised

Minimum wage is the minimum amount that an employer can pay their employee. In the United States, many people are greatly affected by the federal minimum wage. Poverty continues to increase in the United States. Currently it is at seven dollars and twenty five cents which is too low in the current world today. The minimum wage is under debate if whether it should be increased. The debate has been brought about since many people are earning the minimum wage and are dissatisfied. Debate of whether the minimum wage should be raised is currently taking place. Finding the perfect minimum wage that will be good for both the employee and employer is a process and it has been an important…

Economics – Frictional and Structural Unemployment

This assignment mainly compares and contrasts the two broad categories of unemployment which are Structural and Frictional unemployment. The type of unemployment which has a greater impact on economy will also be identified and the reasons for this phenomenon will also be discussed. Frictional Unemployment The short term unemployment in an economy refers to frictional unemployment which is present due to normal market adjustments. The factors contributing to the hindrances of employment in frictional unemployment are business adjustments, imperfections of market information that are imperfect or the individual’s preferences for employment are much higher than available. Those people are frictionally unemployed who do not have jobs in the market with wages of current market level; these jobs are within reasonable…

Production Possibility Curves Essay

Explain how production possibility curves can be used to demonstrate the problem of unemployment, effects of technological change and the benefits of economic growth. Human wants are unlimited and resources are scarce. In order to satisfy these wants, all societies face the problem of allocating these scarce resources to producing the wanted products. These decisions greatly affect the economy and will contribute to the movements of growth. A graph that visually represents the results of the decisions and maps the growth of the economy is the production possibility curve. Production possibility curves (PPC) are graphical models used to demonstrate the different opportunity costs that are involved when individuals or communities make choices on how much of each product to produce….

Globalization Argumentative Paper

Globalization is term that is being deemed as something new on this planet in the world of business. Truth be told, globalization has been going on for centuries and centuries. Business trade done with other countries and regions of the world occurred and has spawned exploration and commerce from the time Europeans traveled to Asia for spices, South America for various ores of metal, and Africa for diamonds. Globalization is not new, however what is new is the technology and rapidness of communications with the information age, e-commerce, low cost manufacturing, and availability of trade. Globalization in essence has opened a broad spectrum of an interconnected and interdependent world with trade of goods, services and even capital on an international…

Differences and Inequalities

This essay will provide examples of inequalities and differences using information from City Road (The Open University, 2014) and the observations I have made which are similar on my street and how they affect society. Class, age, wealth, education, disability and even sexuality are seen as differences among those who lack access to these resources and therefore experience inequalities. Inequality is when a person is unable to do the same as someone else due to barriers. As seen in Connecting Lives (The Open University, 2014a) the inequalities that Stephen Sweetman (who uses a wheelchair) endures are due to the design of the built environment and due to this I see the physical exclusion this has on his life. One of…

Minimum wage essay

Some people may support minimum wage legislation because they believe it will help struggling workers to make ends meet. What do you think about that? Minimum wage, as a kind of price floor, refers to the least amount of money that employers can legally pay labors for per hour of work. Therefore, government sets a price that is under the market equilibrium price in order to reduce the poverty and ensure that young employees and minority will not be treated unequally. However, those aimed goals are not accomplished as expected and minimum wage only makes economy inefficient and worsens some people’s lives. After the minimum wage is imposed above the equilibrium wage rate, this results in the supply of labour…

MegaCities Essay

Mega Cities are cities that have a population of more than 8 million and are characterised by the challenges they face, including issues involving the informal economy, unemployment, poor sanitation and shelter. These issues are largely prominent in these cities due to rapid urban growth and a lack of resources. In many cases action has been taken by national governments and non-governmental organisations (NGO’s) to combat and reduce the impact of these issues, however In order for these strategies to be effective they need to fit 3 primary criteria, the solution must be community based, cost effective and sustainable economically and environmentally. Strategies such as micro financing.. Etc. have been adopted to resolve these challenged. A primary challenge facing many…

Economic Forecasting Paper

Two historical economic data where information can be found are Bureau of Economic Analysis, U.S. Department of Commerce and FRED, Economic Time-Series Database. The FRED database comprises the national economic and financial statistics as well as interest rates, consumer price indexes, employment and population and trade data. This database is a valuable source because this consents populaces to see how the country’s financial state is. The Bureau of Economic Analysis includes estimates concerning national, international, and regional economic activity. The first source that I would use is the U.S Department of Commerce/ Bureau of Economic Analysis. I would use this source because the data here is first accurate and for the most part of to date. This site gives you…

Great Depression DBQ

Roosevelts responses aided curtail the problems of the Great Depression by employing the unemployed, aiding the businesses, and restoring confidence in a very panicked public. He alleviated the poorest classes by enacting laws that provided them with safety nets and even some capital to get started with. By raising the standard of living for the desperately poor, he increased the number of able consumers to buy businesses goods and decreased the number of people living in the streets, which in turn set off the reactions that improved all other aspects of American life, thereby beginning to restore the pre-depression conditions. The Chinese proverb goes, Give a man a fish and you feed him for a day. Teach a man to…

Is the american dream achievable?

The American Dream: the image of a white picket fence house with a perfect family, two educated children, one girl and one boy and the mother and father both working without worrying about financials concerns. This is the typical example of the American Dream; it is called the stereotypical dream. The Oxford dictionary states that the American Dream is, “The traditional social ideals of the US, such as equality, democracy and material prosperity.” However, I firmly believe the American Dream is to be accepted, to be free and to be equal; overall the dream is to pursue personal happiness. I strongly believe that the American Dream was not attainable in the past, is not attainable in the present day and…