As we talk about unemployment in class, this is a increasing issue in the real world. We all know unemployment has been rising in the US, affecting countries around the world. The article states unemployment has risen to an all-time high from the years 1994-96 in the UK, a rise of 8.3% Even though the article focuses mainly on numerical value of unemployment increasing, I believe we should take this idea to a higher level. As unemployment increases, there are people with less jobs, more free time, increasing the crime rates around towns and cities. Since the government is responsible for these people, they need to spend money on unemployment benefits for the people, a leakage in the overall economy known as government spending. The unemployed people are not injecting money into the economy, becoming economic burdens to the country. Overall, if the UK wishes to improve unemployment rates, they should decrease unemployment benefits so that people have more of an incentive to find a job quicker, and provide more information on possible job opportunities (of course, these solutions are subject to the different types of unemployment, but these are overall solutions).streda 16. novembra 2011
Unemployment in the Real World
Article: http://www.ftadviser.com/2011/11/16/investments/economic-indicators/unemployment-rises-to-year-high-ons-8ukaaAwqSxCFtJoyFLyYII/article.html
As we talk about unemployment in class, this is a increasing issue in the real world. We all know unemployment has been rising in the US, affecting countries around the world. The article states unemployment has risen to an all-time high from the years 1994-96 in the UK, a rise of 8.3% Even though the article focuses mainly on numerical value of unemployment increasing, I believe we should take this idea to a higher level. As unemployment increases, there are people with less jobs, more free time, increasing the crime rates around towns and cities. Since the government is responsible for these people, they need to spend money on unemployment benefits for the people, a leakage in the overall economy known as government spending. The unemployed people are not injecting money into the economy, becoming economic burdens to the country. Overall, if the UK wishes to improve unemployment rates, they should decrease unemployment benefits so that people have more of an incentive to find a job quicker, and provide more information on possible job opportunities (of course, these solutions are subject to the different types of unemployment, but these are overall solutions).
As we talk about unemployment in class, this is a increasing issue in the real world. We all know unemployment has been rising in the US, affecting countries around the world. The article states unemployment has risen to an all-time high from the years 1994-96 in the UK, a rise of 8.3% Even though the article focuses mainly on numerical value of unemployment increasing, I believe we should take this idea to a higher level. As unemployment increases, there are people with less jobs, more free time, increasing the crime rates around towns and cities. Since the government is responsible for these people, they need to spend money on unemployment benefits for the people, a leakage in the overall economy known as government spending. The unemployed people are not injecting money into the economy, becoming economic burdens to the country. Overall, if the UK wishes to improve unemployment rates, they should decrease unemployment benefits so that people have more of an incentive to find a job quicker, and provide more information on possible job opportunities (of course, these solutions are subject to the different types of unemployment, but these are overall solutions).
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