ipl-logo

The Negative Impact Of Unemployment In Youth

846 Words4 Pages
bulb-icon

Recommended: Effects of youth unemployment

Introduction: Unemployment generally defined as the number of persons who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy. When the situation arises where there are more other resources for the production and no man power leads to wastage of economic resources and lost output of goods and services and this has a great impact on government expenditure directly (Clark, 2003). High unemployment causes less consumption of goods and services and less tax payments results in higher government borrowing requirements. The impact of the unemployment is seen with the individuals and household curtailing the consumption drastically to meet financial …show more content…

There is a risk of loss of talent and skills, since a great amount of university graduates are unable to find a job and put their knowledge and capabilities into producing innovation and contributing to economic growth. Furthermore, having a large share of the young workforce unemployed, not only leads to reduced productivity and gross domestic product (GDP), it also increases the economic costs for the country, since there is a need for more money to be paid out on social grants and less money coming in from taxes. High unemployment rate also pose as a threat to the safety and security of Gauteng province, youth are most likely to resort to other measures such as …show more content…

The evidence suggests that, while there are major structural challenges, there are also some promising options to pursue. Explain why you selected this problem as a team Youth unemployment is a problem within Gauteng region and it affect both personal and social status of an individual. Unemployment has been found to affect household hence increasing poverty rate as a result of no income or loss of income. It creates dependency on social grants which affect the economy. Unemployed youth may result to violence, promote gangsterism and crime which might lead to the youth being arrested. Youth unemployment increases the chances of alcohol and drug abuse to gain either financial status or to reduce boredom. Unemployed youth may be subjected to drop out from school, or unable to pursue higher education. A female youth that is unemployed and not in school is likely to get married at a young age or experience teenage

Show More
Related
652 Words | 3 Pages

Moreover, the young men desire to get education and pursue their interests. However, they do not have many options for their educations because they come from poor families. They face mass incarceration. Some young men parents were sent to jail. These young men are forced to handle with stigma and damage associated with drug problems and family members’ incarceration.

Read More
953 Words | 4 Pages

Teenagers love money. However, the problem with earning money is that kids are too busy to get a job. Or a job is not enough money for their needs, especially in this changing economy. Jeffrey Selingo, in his piece “Why More Teenagers and College Students Need to Work While in School,” argues that more kids should work while pursuing their education. He expresses the importance of finding time for a job, and that making money is not the only thing teenagers gain from a job.

Read More
837 Words | 4 Pages

The great depression caused the government to go in great debt and made unemployment rates raise a significant amount. From 1929-1939 unemployment rates rose dramatically and the government lost a large amount of money. The crash of the economy caused the government many problems so as a result president Franklin Roosevelt created the new deal to create new jobs for the unemployed and restore the power of banks and large companies. However, there were many drawbacks that the New Deal created. The New Deal was not a good deal because it put the government further into debt, country became controlled by trusts, and people began to take advantage of the government.

Read More
809 Words | 4 Pages

Like an investment, the government puts money into society, hoping to get a more substantial amount of money back. But with unemployment low the government is investing money into society and the investments are not paying off. The unemployed (7.8 million people) can’t or won’t pay and middle class doesn’t make an effective salary. If a significant amount of people are not working that means the government is missing out on vital income tax. And the middle class alone can’t fight off the $19.3 trillion dollars of debt.

Read More
702 Words | 3 Pages

Summer jobs are astonishing for a teenager. They are given multiple opportunities to learn many life lessons. But due to education activities and employers, their chances have been lowered down to getting a job. According to the passage ´Teenagers have stopped getting summer jobs - why? ´ written by Derek Thomas, he claims that ¨Education is to blame, rather than indolence.

Read More
916 Words | 4 Pages

A parent suffering from alcoholism can have a lower likelihood to get and maintain a job because of the effects it has on them. “Alcohol makes it harder for the brain areas controlling balance, memory, speech, and judgment to do their jobs, resulting in a higher likelihood of injuries and other negative outcomes” (“Alcohol”). Without having a job parents are scarcely able to provide for their children in the way they need, starting with money for adequate living. "We wore our coats to bed, too. There was no stove in the bedroom, and no matter how many blankets I piled onto myself, I still felt cold” (Walls 176).

Read More
579 Words | 3 Pages

For this assignment, I selected three articles; one each from Forbes and The Economist, and an article from the “Opposing Viewpoints in Context” section of Gale, written by Sisi Zhang. These pieces all speak to the same theme: racial wealth inequality is real and is exacerbated by poor education, increased incarceration, and public policy. Over the last thirty years, the wealth of the average white family has increased much more than that of the average black or Latino family. For example, between 1983 and 2010, the average wealth of white families rose from $184,000 to $1.1 million, whereas those numbers are much less impressive for blacks and Hispanics.

Read More
417 Words | 2 Pages

Poverty can be defined as a lack of material resources to meet the human needs and be able to live comfortably. Also, the economy of a country can be affected by international factors and internal factors. However, to define what is poverty, we must first analyze the socio-economic part of each region to see the lifestyle that predominates population. In social stratification, it is defined as the division of the people who make up a society in different groups arranged hierarchically. As a result, the poverty rate in the United States has increased in recent years.

Read More
668 Words | 3 Pages

Amongst these individuals teenagers living on the streets are at a higher risk of developing drug addictions and mental illnesses, mainly due to how young and impressionable they are (Homelessness in Australia 2012). According to Youth Of The Streets, a non-profit organisation that helps youths living in difficult substitutions find better living accommodation. Within the first 5 days of being homeless young people are at a high risk of developing a drug addiction (Homelessness in Australia 2012. Evidence suggests that

Read More
1116 Words | 5 Pages

Increasing savings or declining spending can lead to unemployment. Nowadays we witness the same circle since 2008 global crisis. Each crisis

Read More
1611 Words | 7 Pages

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.

Read More
874 Words | 4 Pages

People will receive tremendous amount of trauma and feelings of low self-esteem if one is unemployed for a long period of time. Unemployed may develop negative mindsets toward common things in life. The longer they are unemployed, the more stress they might get from society and their family. A person under stress may experience insomia and depression that will lead to poor mental health. However, this effect may differ from gender, family roles, and social class.

Read More
2016 Words | 9 Pages

Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Adults are more likely to be unemployed because of physical and mental health challenges. Adults also tend to be unemployed because of cyclical, structural and frictional unemployment. Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money. Why are youth more likely to be unemployed than adults, and is unemployment among youth becoming a social problem?

Read More
798 Words | 4 Pages

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.

Read More
1358 Words | 6 Pages

Unemployment in Kenya is attributed to a number of factors that include: rapid growth of the population and the labour force, skill mismatch, information problems in the labour market, structural adjustment programs, slow or declining economic growth, and the labour market setup, among others. High population growth rate in Kenya has resulted in a relatively young population and a large population of youth in the population of the working age (Njonjo, 2010). This increase in the youthful population and increasing labour force has led to labour supply outstripping demand. Consequently, unemployment, especially among the youth, has surged. In particular, high population growth has resulted in higher levels of unemployment.

Read More

More about The Negative Impact Of Unemployment In Youth

Related Topics

Open Document