Structural unemployment

will therefore seek to explain three important lessons that I have learnt from the course. Firstly, I will define economics and its relations to real life experiences. Secondly I will look at demand and supply and last but not least I will look at unemployment and how it affects the economy. Economics is the study of how people allocate their limited resources to satisfy their unlimited wants. Economics is a part of social science and it seeks to find explanations of real life events. In…

as labour is an important function for growth. EI’s purpose is to assist citizens to adapt as they are in transition of jobs whether it is due to frictional, structural, or cyclical unemployment in order to produce higher productivity. Moreover, EI could work as a tool of justice to reduce inequality. Makarenko examines “some view unemployment insurance as an important mechanism for promoting social equality, where wealth is redistributed more equally between employers and affluent workers”…

developed various responses, to some poverty is linked to the character of the individual; on the other hand, others link poverty to structural forces. Culture-of-poverty theories are those that link poverty to the character of the individual, while structural theories of poverty attribute poverty to social conditions. When looking at Michael and Judy’s life in poverty structural theory of poverty best explains how social forces led to poverty. Social forces are in reference to the political and…

institutions, they are worried by the status of unemployment in today’s society. Also, some school leavers would not like to receive a low paying job. This phenomena we call youth unemployment. Some statistics that “more than 40 percent of young people are unemployed” in spain, “more than 20 percent” in France, and “21 percent” in USA (Tapscott and Williams, 2012, p. 24) . These stats reveals the low rate of youth employment in western countries. The high unemployment is the main cause of why…

wage positions, including restaurants, farmers, hotels, cleaning and maintenance occupations, and retail stores make up for a greater percentage of the workforce than those in higher paying fields like manufacturing, banking, and construction. Unemployment is measured by the U.S. Bureau of Labor Statistics (BLS) which…

Some may ask is unemployment actually a social problem? The answer is and always will be most definitely yes. The rate of unemployment has played a huge part in the affect in our society. Unemployment leads to people being homeless, and hungry. When you aren’t able to provide food for your family or yourself, social services come into play and provide for you enough to get you by and live off of. Our government is continually providing for the homeless and unemployed and extending benefits for…

crisis. In 2001, Argentina was rocked by the collapse of their economy, with protesters flooding the streets exclaiming “Que se vayan todaos (they all must go)” in relation to the countries government officials (Sutton, 2007: 129). At this time unemployment soared and means of social security heavily reduced, women took the lead in organising resistance to the neoliberal policies in place that caused the crisis (Mason-Deese, 2016: 65).The citizens, specifically the women, “compelled them to…

inflation rate causing the economy grew 2.2% in 2009 Q3, 5.6% in 2009 Q4, and 2.7% in 2010 Q1, the unemployment rate had remained high. The unemployment rate had risen from 9.5% in June 2009 to 10.1% in October 2009. The unemployment rate fell back to 9.5% in June 2010. Disconnection between the demand and supply of workers was reflected in statistics such as the hiring rate, the layoff rate, and the unemployment rate, the given average number of job opening in April and May, the unemployed were…

the streets or occupy shelters. But as one analyzes the issue of homelessness, one realizes that there are structural and individual cause regarding homelessness. Homelessness refer to those who live on the streets or occupy shelters. Anyone is homeless “if they slept in limited or no shelter for any left of time (First, Rife, & Toomey, 1994)”. The structural causes consist of unemployment and poverty and housing market, economic structure and social policy while individual causes comprise…

country that I may produce or hold stock in, it definitely affects me not only financially but also what steps need to be taken next. Also if there was a change in unemployment whether positive or negative it affects me directly as a college student who is studying to get a degree and one day enter the Labor Force. So a change in unemployment would change the nature of the job hunt I experience as soon as I graduate from the University of San Diego. In terms of inflation having an affect on me,…