Cause and Effect of Unemployment
Unemployment is a terrible thing, but unfortunately it is an everyday normality. There are a plethora of reasons why someone ready and able maybe without a job. Every action comes with a consequence however, the causes and effects of unemployment are very potent in life. For example, an individual may lack the proper skills for the hand at task so their job will be terminated. The same goes for if they are absent often or late, that will not be tolerated. A person is considered unemployed if they are fired from their job due to budget cuts and they are in waiting to get their job back. As well, there may be an abundance of workers but not enough jobs to match; or the mirror opposite may occur, there are plenty of jobs but workers do not have the right skills or experience to work for the job. Either way, unemployment will begin to rise steadily and this will not help the world’s economy get better. Younger individuals tend to have more issues finding jobs and this aids the unemployment, the younger individuals usually have lack of experience and then they cannot find jobs, in turn they cannot earn the proper experience to receive better jobs.
The consequences of unemployment can effect more than the person who was without a job, it can go as far as effecting the family and the income of the family. Living without a solid income is a very difficult way to live. The individual that just lost their job is open to a spectrum of emotions, anger, sadness, confusion, stress and all these emotions can really break a person down. In the case that finding a job takes longer than originally expected, the individual may not have enough money in the bank to make all their ends met. This only adds stress they are already going through. The person maybe in between odd jobs or is searching for a job, and this also adds stress and strain to relationships. A stressed and worried person will not be one to party with friends or spend big for a family get-together.
Unemployment also effects the economy itself. When there are jobs available, but not the properly skilled people there for the job, productivity suffers a decrease. This all creates a chain-reaction, everyone involved is affected. The employees may suffer burn out from all the excess work, the clients may feel abandoned if their needs are not met and they will go to other areas for their needs to be met. The company themselves will lose revenue.
The causes and effects of unemployment effect everyone in one way or another, every action has a consequence, whether it be good or bad.