Uploaded on Jun 22, 2022
There are various reason of unemployment in India. People who are actively looking for work and are currently available for work but do not have a job are also considered unemployed. The main reasons are the economic, social, and psychological problems. Here are some steps to reduce the unemployment in India.
Unemployment in India - Meaning, Causes and Solution
Unemployment in India - Meaning,
Causes and Solution
What is Unemployment?
The unemployed are considered unemployed. This
includes either being part-time, full-time or not
having the status of an independent contractor.
People who are actively looking for work and are
currently available for work but do not have a job
are also considered unemployed.
Significance of Causes and Effects of
Unemployment
By replacing some lost income, unemployment benefits protect
unemployed workers from reducing their assets to sustain
consumption. By increasing the income of highly low-income
families, unemployment benefits help lift them out of poverty.
Unemployment benefits programs encourage workers to
accept jobs essential to the economy despite the risks of
layoffs. Unemployment benefits allow workers to keep their
jobs because they spend more time finding the right job for
their skills. Unemployment benefits provide additional support
to workers in recession without significant adverse side effects.
What are the Causes and Consequences of
Unemployment?
1. India is the voluntary departure of workers. Some
unemployed people have saved enough money to leave
their jobs unfinished. They have the luxury of finding out
unless they get the right opportunity.
2. The migration of workers. They are unemployed until they
get a place in a new village.
3. when new workers enter the working class. This includes
students who have graduated from high school, college, or
any other degree program. They look for jobs that match
their new skills and qualifications.
What are the Causes and Consequences of Unemployment?
4. Advancement in technology- This is what happens when computers
or robots take the place of workers. Most of these workers need more
training before getting a new job in their field.
5. Job outsourcing- This happens when a company moves its product
or call center to another country. In countries where the cost of living
is lower, labour cost is lower. This has happened in many states since
NAFTA was signed in 1994.
6. Fewer jobs than applicants. The technical term means demand-
deficit unemployment. When this business occurs during the
recession phase of the cycle, it is called cyclical unemployment.
How to Reduce the Effects of
Unemployment?
● Use of labor-intensive technology
● Agricultural diversification
● An increase in services and employment growth
● Education, health, and job creation
● Labor-centric industrial growth
● Accelerate investment in agriculture
Should You Mention the Unemployment Date in Your
Resume?
When creating your resume, dates can be an essential factor in
determining how many years of experience you have with
hiring managers. They can also tell employers how many
degrees you have recently earned, how long you have been an
active member of the association, or how long you have held
the relevant certificate. Knowing the best place to show dates
on your resume can help you stand out from other candidates.
Whether or not to include dates in your resume usually
depends on the requirements listed in the job posting for the
role you are applying for. Some candidates require a certain
amount of experience, certifications, or an active association
member. Listing the dates on your resume helps you prove
that you meet these requirements.
Conclusion
In conclusion, there are various causes of effects
unemployment worldwide. The main reasons are the
rising population, rapid change in technology, lack of
education or skills, and rising costs. The various
consequences causes and effects of unemployment
include economic, social, and psychological problems.
Unemployment has become a significant problem
affecting our lives, health, economy, and society.
Therefore, countries should set up more companies
and factories to provide more opportunities and
positions to meet the needs of the growing population.
Unemployment in India - Meaning, Causes and
Solution
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