Solutions for the Unemployment problem

Solutions for the Unemployment problem

References

Conclusion

Finally to conclude,there are many causes and the effects of the problem were discussed following some solutions for this problem.

1-The government should create a new jobs and new workplaces.

2-Increasing the wages for employees.

3-Government job creation could be in a direct way like building factories.

4-Fiscal policy and Monetary policy.

Amadeo, K. (2014, April 21). Unemployment Solutions. Retrieved from About news: http://useconomy.about.com/od/suppl1/p/Unemployment-Solutions.htm?utm_term=unemployment%20solutions&utm_content=p1-main-1-title&utm_medium=sem&utm_source=google&utm_campaign=adid-76676213-86a1-4b2f-96f1-faeef44a0fa8-0-ab_gsb_ocode-7924&ad=semD&an=google_s

Head, M. (2014, January 21). Global unemployment rises above 200 million. Retrieved from World Socialist Website: http://www.wsws.org/en/articles/2014/01/21/jobs-j21.html

Hoover, K. D. (2008). Phillips Curve. Retrieved from Library of Economics and Liberty: http://www.econlib.org/library/Enc/PhillipsCurve.html

Manpower Group. (2012). How Policymakers Can Boost Youth Emplyment. USA: Manpower Group.

Trading Ecnomics . (2014). Egypt Unemployment Rate. USA, EGYPT.

What is meant Unemployment ?

Solutions for unemployment

Unemployment is defined as people who want to

work and they seek for job opportunities but they

cannot find a job.

1-The government should create a new jobs and new workplaces to enhance the unemployed people to search for new jobs.

2-Increasing the wages for employees has always been met with acceptance and motivated people for more hard work.

3-Government job creation could be in a direct way like building factories to provide direct jobs for the unemployed people.

Solutions for unemployment

The advantages and disadvantages

1-Monetary policies: Economist people suggested that government could decrease the interest rate so people can borrow more money and invest their money to open a new business which will increase the demand in the country, so the factories and companies will start producing more so they will need more employees so unemployment rate will decrease.

The Causes & effects

of unemployment

2-Fiscal policies: This policy is based on that government start reducing taxes for these new businesses until they are successful enough and be able to pay regular taxes like other large businesses.

The main advantage of the solution is to encourage people to borrow more and invest in private business in which on the long run will increase the GDP of the country leading to a sort of economic growth.

On the other hand the main disadvantage of this solution, is that if interest rates decreased and people started to borrow money and invest in own business, these businesses might fail to operate and people will start to have difficulty to pay these loans which lead to deep recessions.

Effects of unemployment

Causes of unemployment

1-Some companies had started to replace the

employees with technology.

2-Some companies started to downsize after the revolution.

3-Other companies find that some people their skills started to decrease so they replace them with more skillful employees.

1-Economists found that recession is not only a cause that lead to unemployment, also it could be an effect of unemployment since people are not working, so the GDP start to decrease.

2-Researchers found that there are many social effects for example Mental health, mental health is described as law self confidence that is the cause of being oppressed by the firm that he was working in.

3-Finally some health problems and this could be the cause of the increase in tension which lead to health problems which come from the psychological problems.