Last year, South Africa experienced its highest unemployment rate since 2003.
A few reasons to unemployment are:
1. A lack of education and training is considered the root cause of unemployment in South Africa. Here are some reasons why the education system is failing the youth; ♣ A lack of requirement skills.
♣ Secondary and Tertiary institutions do not provide enough post-graduate guidance.
♣ Students are not prepared to start from the bottom and work their way ‘up’. ♣ The breakdown of apprenticeship programmes, which enhance skills and inspire personal growth, lead to skill shortage and lack of experience.
2. The labour demand and supply mismatch. The number of jobs available simply does not accommodate for all of those entering the market.
3. The global recession in 2008 and 2009 caused many to lose their jobs. The more recent draught will also have a significant impact on the unemployment rate.
4. The role of trade unions is significant in South Africa and displays strong political and bargaining power. Higher wage demands will lead to a decline in employment and strikes will discourage investment leading to a further decline in employment.
6. A lack of interest and support for entrepreneurs. In 2014, only 6% of the youth population was involved in entrepreneurship due to Government legislation being complicated and costly, making it close to impossible for the average South African to start a business.
Schools should offer more vocational education alternatives, educators would steer students toward those options. However, college experience earns more money and lowers unemployment rates even without a degree. Steinberg concludes that schools should teach more skills for less then have students decide to earn a bachelor’s degree (Steinberg
Consumers’ demands for goods were dropping in the tight economy, together with employers unable to borrow money from banks to pay their workers lead to businesses laying off more and more workers to cut costs. The vastly unemployed working class of the country could not afford to buy goods that would have fueled businesses, so inventories continue to build up and prices dropped even further, killing more
Especially during the Great Depression, many Canadian men and women had become unemployed because of this. It had changed the economy because less was needed so less was made. This would slowly, but surely, force people out of their jobs. This had affected the ever-increasing amount of unemployed during the Great Depression greatly. Following the fall of the economy, many consumers were unable to buy, or consume because they were unemployed, which resulted in a drop in production.
Every day, in our life we learn new things, from school, friends and by ourselves. Take an example of me, my transformative educational experience had thought me skills that I can use for my rest of my life career. However, Frank Bruni said in his statement that “if a person wants to do something in his life, then he/she can start with little experience”.
Throughout the year, I gain more knowledge of the world we live in and become aware of my career.
From Murray’s claim, I do agree that there has become a rising demand for skilled workers. On the other hand, I feel that training and vocational schools do not give as much flexibility in learning other majors as it narrowly focuses on the degree with no general education
Learning became, for him, a mode of personal enjoyment and a path to professional success. It’s a habit many of us would like to emulate. The Economist recently argued that with all the disruptions in the modern economy, particularly technology, ongoing skill
Firms were making layoffs during economic downturns. Downsizing occurred because of many different reasons. Intensifying market competition, and declining manufacturing activities have all been creating a decrease in company employment and numbers. Technology innovation has also created downsizing for companies. Technology and its innovation had begun to replace human labor and there was not a need for as many workers.
With unemployment that high, there was very little chance people would find another job. Many people kept their jobs by settling for lower wages, feeling that any money was better than none. Local governments had trouble paying their bills because so many people couldn’t pay their property taxes, this often meant schools were under-funded, under-staffed, or shut down completely (Social and Cultural Effects of the Depression 1). Unemployment got so bad that “Mexican Americans in California were offered free one-way trips back to Mexico to decrease job competition in the state” (Sinking Deeper and Deeper
The unemployment rate skyrocketed up from 3% to 22% in 3 years, according to a journal of economics. This was caused by the Great Depression and the business having to lay off workers in order to not go bankrupt. This made the unemployment percentage skyrocket in a short amount of time. The New Deal had to do something to keep an income flowing into homes of families and citizens across the country. The New Deal steps up and helps bring jobs to people in need of one.
Industrial business and country was failing. After the stock market crashed many workers became unemployed. For instance in 1929 the percent of workers that were unemployed was about 3%. By 1932 the percent rose to about 23%. This shows how much unemployment increased in the matter of 3 years.
English 203
10/6/17
Professor: Elisavet Tsakirouglou
Student: Tamara Stojkovic
Student ID: 20160023
Unemployment is one of the most serious problems facing developed nations today. Based on the film “ The Full Monty”, use specific examples and critically evaluate the effects of unemployment of men
Unemployment is a serious economic issue that affects a considerable number of people and countries, either directly or indirectly. Due to the global economic crisis, the number of unemployed people has increased significantly in the last few years.
Introduction
Apartheid was an official barrier which separated the different races in South Africa, namely the black South Africans and the white Afrikaans South Africans. Although Apartheid ended 20 years ago when Nelson Mandela was elected president, Apartheid still plays a large role in South African History. Apartheid began long before it was officially named Apartheid in 1948 by the leading political party, National Party. The separation between the black and white people of South Africa began around the time Jan Van Riebeek arrived in the Cape in 1652. Since then the segregation escalated due to events which caused hatred between the two races.
Unemployment happens when individuals are without work and effectively looking for work.[1] The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.[2] According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012
There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.
The education system produces skills that are not valued by employers, while raising the expectations of those who acquire them. Consequently, the unemployed do not take up existing job vacancies, and employers are unwilling to hire available candidates (Njonjo, 2010). The mismatch is more marked for school leavers and graduates who have just finished school, partly providing an explanation for the high unemployment rate among youth and new entrants into the job market. The suggested remedy is to reform the education system and increase focus on technical education and vocational training, matching them to the needs of the job market (Coenjaerts et al. 2009).
