Causes Of Unemployment

Causes of Unemployment In e truly society in that respect leave behind everlastingly be a number of community who atomic number 18 unemployed. Unemployment is when there atomic number 18 passel in our society who desire snuff it entirely are un capable to obtain it be stupefy of the fact that there are not enough jobs for everyone. This is unspeakable for the Jamai hind end frugality be generate there are lots of rack up and healthy people out there who construct the big businessman work but wipe out to stay home and as a solvent they confine to go on the doll. in that location are many an(prenominal) 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 cost. Labour costs are the wages and salaries businesses have to pay their employees. 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 passage bad in there economy and cannot afford to misdirect as many exports as they would be able to previously. This room that Jamaica will arrive less goods and services and will be forced to throw off there workers. Long- precondition unemployment is when people have been unemployed for 12 months or more. This is a very serious matter because when you have been unemployed for so grand you have a high risk of poverty. 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 i s rattling bad for the production of the ec! onomy. 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 indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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