Introduction
Unemployment is explained as the situation whereby people do not have gainful employment even after they have searched for job openings for a long time. To gauge the rate of unemployment the number of the people who are idle is calculated versus the number of people who have been hired.
Seymour argues that in order to tackle this problem one needs to ask himself why there are so many people who don’t have jobs and yet most of them posses the highest level of education (42). Education is perceived by many as the underlying reason for success but this notion applies to intellectual success. There are so many people out there who are successful in life and yet they didn’t get to the sixth grade.
There is no doubt education is important but its relevance may depreciate when there are so many educated people who don’t have jobs because in the final end its what one achieves at the end of his schooling days. Most job seekers are of the opinion that life is unfair because the students who have passion in their careers are not always given the first priority but book warmers actually get the best jobs.
Students need to be mentored on how to start their own businesses in order to deal with the current shortage of jobs. The increase in unemployment has been enhanced by the establishment of multiple training institutions that train thousands of students who are later deployed to an already saturated job market.
This saturation is evidenced by the increase in the number of organizations that are hiring employees on contract basis and also part time basis. When most students graduate they have the passion to tarmac until they land a job.
Literature Review
Scholars have developed theories that try to explain the causes and solutions for unemployment. Their arguments explain that the increase in unemployment has been brought by the labor laws that put emphasis on the need to establish workers union that is meant to fight for their rights (Seymour 31). This merger of workers has caused potential employers to shy away.
Others such as Opocher and Steedman refer to the decline in economy which brings down demand and supply of goods which causes organizations to lay off some workers (938). Industrialization has also contributed to unemployment because technology inventions have made work easier by the introduction of equipments that are used to perform tasks that were performed by several people thus the need to retrench excess workers.
For instance the introduction of tea picking machines in tea growing zones has left so many people jobless because these machines require less manpower to be operated and also are more productive. Recession has forced some organizations to close down because they are operating on losses because their sales margins have gone down (Osulivan & Sheffrin 330).
There are also those people who ignore certain jobs because they fill they don’t deserve them according to their level of education. This kind of unemployment is referred to as voluntary unemployment because the job seeker chooses to remain unemployed until he/she comes across a job that best suits him/her. This pride can make one remain in that status for a long time. Unemployment also makes people to engage in unethical behaviors such as stealing, bribery, and laziness (Graham 82).
Discussion
It is important to counsel young people prior to graduations because they should be flexible in order to survive during harsh economic times. They should be encouraged to take the first opportunities that come their way because nobody gets everything but at least everybody gets something.
According to Osulivan and Sheffrin there are also workers who are sent packing by their organizations if they are found engaging in dubious deals. This is especially due to the current rise in blue collar crimes (330) .This has been enhanced by desires of many people who want to get rich within the shortest duration possible at the expense of their employers.
Scholars argue that many people may have similar qualifications which cause that career to be flooded because the job openings are few compared to the number of people who are qualified. In some countries there are plenty of jobs but the population has very few people who are trained in those professions. In this scenario careers are said to be in conflict because most have qualifications in professions that are least required in the job market.
Conclusion
Unemployment leads to rise in crime because people look for alternative ways of earning their daily bread. There are many people who have died from stress after staying out of work for a long time. Graham explains that some jobseekers become drunkards with the aim of erasing their thoughts about missed opportunities. Unemployment has surely caused moral decay because people are engaging in very deadly activities such as prostitution which in return promotes the spread of HIV/AIDS.
Governments are giving out monetary hand outs to organizations to cushion them from recession. This means there is stable amount of money going round a given state. Most governments have established agencies that train and equip the youth with entrepreneurial skills. Banks are also offering low interest loans to business people thus more people are being absorbed into the business world.
It is therefore important to look for the more acceptable ways of dealing with unemployment in future; this will involve establishing better ways of engaging the society in policy formulation.
Works Cited
Opocher, Arigo and Ian Steedman. ”Input Price-input Quantity Relations and the Numeraire.” Cambridge Journal of Economics. 3(2009):937-948. Print.
Osulivan, Arthur and Steven Sheffrin. Economics: Principles in Action. Upper Saddle River, New Jersey:Pearson Prentice Hall, 2003. Print.
Seymour, Harris.The New Economics: Keynes’ Influence on Theory and Public Policy. Montana: Kessinger Publishing, 2005. Print.
Graham, White. “The Poverty of conventional Economic and social policies.” The Drawing Board: An Australian Review of Public Affairs.3.2 (2001):67-87. Print.