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what are the causes of unemployment? Give brief explanations

Sagot :

Bagsangikvinidn

Answer:

Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. Demand-side reductions may be caused by high interest rates, global recession, and financial crisis. From the supply side, frictional unemployment and structural employment play a great role.

Explanation:

HOPE IT HELP

Ollieeeidn

Answer:

  1. Low level of education- people with higher levels of education have better job prospects; the difference is particularly marked between those who have attained upper secondary education and those who have not.
  2. Mental issues- People who suffer from mental problems will often have no motivation or also not the ability to apply for jobs in a proper manner.
  3. Physical health problems- people who are suffering from disabilities may have it hard to find a job since companies fear that you won't be a productive worker.
  4. Gender discrimination- Women are often not treated equally compared to men, which also translates into significantly worse job opportunities.
  5. Mobbing- These people often see no other way out than to quit their job to escape bullying practices.
  6. Homelessness-  many companies refrain from employing homeless persons since they fear that these people will not be able to perform and the company may lose money due to mistakes.
  7. Burnout- People suffering from burnout may need plenty of time to recover before they have the mental ability to go back to work, which can result in significant unemployment.
  8. Stroke of fate- If people who are closest to you die or if you suffer from other strokes of fate, you may no longer be able to work in your job since you may simply not be able to concentrate.
  9. Financial crisis- Some firms may have to shed labor through redundancies, directly creating unemployment in order to survive this period of economic distress.
  10. Structurally weak regions- there are not enough firms to provide sufficient job opportunities for the local population.
  11. Lack of motivation- These people may enjoy watching TV or playing video games all day long instead of working.

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