Unemployment (394 words)
Unemployment is when a person between the ages of 18 and
65 is willing and able to work, but cannot find a job. Unemployment has
crippled many economies in the world including Pakistan. It is one of the main
objectives of a government to reduce unemployment.
One of the major causes of unemployment is lack of
capital. Capital is another name for investment. It is imperative for an
economy to be injected with foreign investment as it also encourages the local
investors to make the move. People are not motivated to initiate a business
which results in limited job opportunities. Another major cause of the
unemployment is the mindset of the people of Pakistan. Students always expect
to do a job after the completion of their education and they are never inclined
to start their own business. This is the reason people keep waiting for the job
and are ultimately discontented with their lives.
Some people link unemployment to lack of skill, but I
believe that unemployment is lack of demand rather than lack of skill. An
employer will not employ people in his or her organization due to the fact that
he or she does not have enough demand for the products which are to be produced
in his or her company. The only way to increase the demand for the products is
to increase the real income of the middle class in the country.
Thriving economies like India and China have been
encouraging their young people to be entrepreneurs whereas the Government of
Pakistan especially Punjab Government is making every effort to throw all the
skilled people out of the country. The government should hold workshops to make
young educated people aware of the whole notion of small business. Another way
to get rid of this menace is to reduce employment benefits. Unemployment
benefit is the money given to a person who does not find job. This money should
be sufficient to meet the everyday need of the person. Upon getting this
unemployment benefit most people become lethargic and they stop searching for
work which starts the vicious circle of unemployment.
Unemployment can have devastating effect on the people.
Every effort should be made by the government to provide ample opportunities to
the people who are willing to work. The government should also safeguard the
interests of the people who cannot work.
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