Causes And Effects Of Unemployment - 1611 Words

Causes and Effects of Unemployment Travis Epling Strayer University ENG 105 Jeanette Trammel 9/14/14 Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment, it has a devastating effect on the individual, family, and economy. Unemployment defined by the Encyclopedia Britannica is the condition of one who is capable of working, actively seeking work, but is unable to find any work. In addition, to define a person as unemployed, the person must be an active member of the labor force in search of work. (Encyclopedia Britannica, 2012)†¦show more content†¦Monetary Effects Because unemployed people receive benefits from the government, there is a correlation between unemployment and increased government spending. The Employment Act of 1946 gave the government the responsibility of maintaining a high employment level of labor and price stability. The effects of this increased spending fo r unemployment benefits is that other government programs suffer a loss in their financial support. It also causes a decrease in the growth of the GDP. There are less people working so less goods and services are being produced and with fewer people to spend money in the economy there are less goods and services being purchased. This causes a decrease in demand of products and causes producers to lower their selling price to avoid a surplus. When the producer lowers their selling price, it causes the consumer price index to fall. Social Effects Various social effects spring from the people who are unemployed. They affect both our communities and the unemployed. The skills and knowledge from the unemployed is lost to our economy which keeps our economy from reaching its full potential. There is also an increase in crime and social strife during times of high unemployment. Bruce Weinberg, associate professor of economics at Ohio State University, Eric Gould, Hebrew University, and David Mustard, University of Georgia conducted a study of the national crime rates between 1979 and 1997 and found a direct correlation in falling wagesShow MoreRelatedCauses and Effects of Unemployment2314 Words   |  10 PagesCauses and Effects of Unemployment Unemployment defined by the Encyclopedia Britannica is the condition of one who is capable of working, actively seeking work, but is unable to find any work. In addition, to define a person as unemployed, the person must be an active member of the labor force in search of work. (Encyclopedia Britannica, 2012) There are three different types of unemployment: frictional, structural, and cyclical. Due to various causes in the economy, there will always be a certainRead MoreEssay on Unemployment Cause and Effect705 Words   |  3 PagesUnemployment – Causes I am going to offer my theory as to the real cause of unemployment, for every cause there is an effect. The process of cause and effect.   Ã‚     Ã‚  Ã‚  It’s hard to live a normal healthy life without a job and money. There are many reasons why people are unemployed, but in turn this state of unemployment can cause one to experience financial, emotional, and personal problems.  Ã‚     Ã‚  Ã‚   The most common causes of unemployment are getting fired and laid off for specific reasonsRead MoreCauses Of Unemployment And Its Effect On The Economy2406 Words   |  10 PagesEmpirical research aims to decompose causes of unemployment into those that changed equilibrium and those that caused demand-deficient unemployment. A potential explanation of a rise in the equilibrium unemployment is a rise in the generosity of unemployment benefit relative to wages in work. Therefore people spend longer periods of time unemployed in search for the ‘right’ job, thus leading to a rise in equilibrium unemployment. (Begg, 2008, p. 530) In economics, the neoclassical view is that theRead MoreCauses and Effects of Unemployment in Fiji2546 Words   |  11 PagesTackling Youth Unemployment The Challenge Among the worlds unemployed, young people have been particularly hard hit. Youth unemployment rates are significantly higher than adult unemployment rates in both developed and developing countries. Global protest movements of young people are a manifestation of their lack of job prospects. On the one hand, higher youth unemployment can simply result from frequent job changes and short intermediate unemployment spells. It may be natural for young peopleRead MoreCauses Of Unemployment And Its Effect On The Growth Of India Essay1874 Words   |  8 PagesCauses of unemployment in India 1-rapid population growth: It is the leading cause of unemployment in Rural India. In India, particularly in rural areas, the population is increasing rapidly. It has adversely affected the unemployment situation largely in two ways. In the first place, the growth of population directly encouraged the unemployment by making large addition to labour force. It is because the rate of job expansion could never have been as high as population growth would have requiredRead MoreCauses Of Unemployment And Its Effects On The Health Of A Country s Economy1350 Words   |  6 PagesEmployment is an activity or the like that occupies a person s time. Unemployment on the other hand can be simply defined as when a person in search of â€Å"employment† or â€Å"job† is unable to find employment or work. It is also said to be when an individual of working age seeking a job is unable to obtain any. Unemployment is a criteria used to diagnose the health of a country’s economy health. It is a big challenge the country Nigeria has battled with for years now and has maintained a rising trendRead MoreUnemployment : A Social And An Economic Threat1127 Words   |  5 Pagesmany social issues such as vandalism, racism, obesity and prejudice. However, unemployment has become the most histrionic one. Unemployment is both a social and an economic condition. Unemployment is the state where individuals seeking jobs remain un-hired. Unemployment is a global reality where both the developing and developed countries suffer from it. As time goes the condition of unemployment is being worse. Unemployment has become both a social development and a global economic threat. AccordingRead MoreThe Correlation Between Unemployment And Inflation1506 Words   |  7 PagesBoth unemployment and inflation are two important components when it comes to studying an entire economy and it is also very easy to get those statistics from the Bureau of Labor Statistics (BLS) which is a governmental statistical organi zation that gathers, processes, analyzes, and broadcasts important statistical figures to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor. The Bureau Labor of Statistics also assists as a statisticalRead MoreLabour Market Dynamics, Unemployment And Economic Growth Essay1454 Words   |  6 PagesLABOUR MARKET DYNAMICS, UNEMPLOYMENT AND ECONOMIC GROWTH IN GHANA INTRODUCTION Owing to a GDP rebasing in 2011, Ghana became the fastest growing economy in the world with a GDP growth pinned at 20%, the largest per capita income in West Africa and the 21st in the continent. Ghana joined the league of oil producing countries in December 2010 with 85,000 barrels of crude oil in a day . Fiscal deficit fell from 5.9% of GDP in 2010 to an estimated 4.3% in 2011 due to strong revenue performance . DespiteRead MoreImpact of Unemployment on Society1011 Words   |  5 Pagesjob, but is unable to find one. Unemployment is becoming an epidemic that is affecting America at an alarming rate. Most employed people don’t know how hard an unemployed person has to live, they have to worry about providing for their family, and paying their bills. They have an everyday struggle. The countries unemployment rate is currently 9.70% as of march 2010, and Michigan’s unemployment rate is 14.1%. Many economists predict that the effect of unemployment has changed the inflation rate

Comparision of Alexander the Great and Augustus Ceasar

Alexander the Great and Augustus are two different individuals from two different time periods and they are both famous for their accomplishments. Alexander is one of the greatest military geniuses who by the age of 33 had conquered most of Asia. Alexander thought of himself as the son of Greek god Zeus. Augustus was the first emperor of Rome who brought peace and stability to the Roman Empire. He was the grandson of the sister of Julius Caesar. His original name was Caius Octavius, but when he was adopted by the Julian gens (44 B.C.) he became Caius Julius Caesar Octavianus (Octavian). He was named (given the title) Augustus later when he became the First Emperor or Rome by the senate. Augustus was seen as both a military leader as well as a religious leader. In my opinion they were both very important in their time because Alexander for being able to conquer lands all the way to Asia and Augustus for being the first emperor and having a nearly fifty years of peace (Pax Romana). But if I had to choose who was more important I would choose Augustus Caesar. Alexander the Great was the King of Macedonia. He is considered one of the greatest military geniuses of all times. He inspired later conquerors such as Hannibal the Carthaginian, the Romans Pompey, Caesar, and Napoleon. Alexander was born in 356 B.C. in Pella, the ancient capital of Macedonia. He was the son of Phillip II, King of Macedonia, and Olympia’s, the princess of neighboring Epirus. Olympias told Alexander that

Names Name and Famous Armenian Poet Essay Example For Students

Names: Name and Famous Armenian Poet Essay A name Is an Important part of a persons character. Some people are happy with their names and others wish to change them. I happen to love my name for many reasons. I was named after a very famous Armenian poet and writer, although growing up In La Crescents that wasnt well known. My elementary school teachers had particularly hard time pronouncing my name correctly. It was then that my nickname was born. After that day I would be called Sis by my peers, family and instructors. I didnt always like my full name, Summation. I was embarrassed at times and never allowed anyone to know my real name. As I grew up I gained a new respect and love for my name. I saw the beauty in my name, that there was nothing to hide. My name also gives me something that many dont have. Summation Is a very unique name and one that Is unlikely to encounter even once In a lifetime, beside twice. The second part of my name possesses its own unique character because of the final s. This represents the next generation of the Cutthroats family. The name Is passed room my ancestors, to my father, to me and eventually to my children and so forth. The name Summation was a famous Armenian poets pen name. He lived in the late 19th century to early 20th century before dying in the Armenian Genocide. I learned of my names origin in my teens which I am grateful for because it was a great surprise. I am a poet myself and find poetry to be an escape and outlet for my feelings. The relation between the former Summation and I was very intriguing. The one part of my name I would never wish to be any different is my middle name. My middle name is Robert from my grandfather. This means a lot to me because I was never able to meet my grandfather before he passed but his name will always live on with me. The meaning of my last name was apparent to me at a very young age because of the beginning. Coach means cross In Armenian. Our line comes from a historically very religious family. If my friends were asked what my name is they would reply Sis, but if asked what my real name is, those who are true friends would respond Summation. Although those lose to me know of my real they prefer the shortened version as do I for its simplicity. The name was born out of a necessity accompanying the difficulty to pronounce my name. I adopted Sis in my early years in elementary school and it stuck. The name started as just a shortened version Summation and became its own very quickly. I was given deferent nicknames by all my friends. I was dubbed Ceo by some to represent the closeness between my shortened and the shortened version of chief executive officer. It spawned my business obsession to one day prove the imprison correct. The other major act to come from my nickname would be the hand signal for the letter C then O while calling out my name. Only a very few people do this because it is specific to those who invented it. Its own meaning and each individualized from any other name. Summation is a name of great history of my culture that is very rare to see. Robert is a name of great meaning that most do not have. Octogenarians comes from the cross for the future generation. All three together represent who I am and where I come from.