Unemployment - Essay Outline
- Definition
- Causes
- Effects
- Solutions
- Conclusion
People without Job
Unemployment, as defined by the International Labor Organization, occurs when people are without jobs and they have actively looked for work within the past four weeks.
One of the causes of unemployment in Pakistan is worsening law and order situation.
Investors are losing confidence in the political and economic system of the country. Therefore, they are reluctant to invest. Consequently, new jobs are not being generated while the number of job seekers is rising continuously in the country.
Factors Causing Unemployment
Agriculture sector is facing severe challenges of water shortage, climatic changes and technological backwardness in recent years. These factors have hit the per acre yield negatively which caused losing of jobs of several people.
Industry is downsizing its labor force because of acute energy shortage which is causing severe damage to production capacity.
World economic recession coupled with American war against terror has also put negative impacts on our economy. It has doubled our expenditures on military.
Population increase is also a cause of unemployment in Pakistan.
Besides these factors, poor governance, deep-rooted corruption, faulty educational system, lack of quality educational institutions and feudalism are furt1ier aggravating the situation?
Consequences of Unemployment
Unemployed individuals are unable to earn money to meet financial obligations. Failure to pay rent may lead to homelessness. Unemployment increases susceptibility to malnutrition, illness, mental stress, and loss of self-esteem, leading to depression.