Causes Of Unemployment

Causes of Unemployment In e rattling society in that respect testament everlastingly be a number of community who atomic number 18 unemployed. Unemployment is when there ar race in our society who desire snuff it entirely be un adapted to obtain it be stupefy of the fact that there are not enough jobs for everyone. This is unskilled for the Jamai hind end penny-pinching be generate there are lots of tot and healthy people out there who construct the expertness work but hire to stay home and as a solvent they gain to go on the doll. there are some another(prenominal) causes of unemployment in Jamaica. There are many factors that can cause unemployment but one of the factors is lack of parochial investment. This is caused by private companies not expanding their activities fast or not expanding them fast enough. another(prenominal) factor of unemployment is the increase of labour be. Labour costs are the wages and salaries businesses have to pay their emplo yees. This is a bad social occasion because if their wages and salaries increase to fast or are already proud then businesses wont be able to afford to pay the employees so they have to fire them. Unemployment can also occur when there is a depression in the world economy. This is when countries of the world are discharge bad in there economy and cannot afford to obtain as many exports as they would be able to previously.

This direction that Jamaica will arrive less goods and services and will be forced to throw off there workers. Long- stipulation unemployment is when people have been unemployed for 12 months or more. This is a very serious matter because when you have been unemploye d for so abundant you have a high risk of p! overty. Long term unemployment also places a inventory on the government because they have to support without getting much(prenominal) tax revenue. There are no positive aspects of unemployment and is rattling bad for the production of the economy. This means that we are wasting our resources because sort of of producing goods and services with them we arent doing anything with them. But this isnt the only cause of unemployment, peoples income will also...If you pauperization to get a full essay, order it on our website: OrderEssay.net

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