What are the causes of unemploment?

Answer 1

1. 1. laziness
2. 2. lack of socialization
3. 3. mental stress
4. 4. lack of self esteem
5. 5. Poor personality
6. 6.lack of job opportunities
7. 7.mismatching of skills expected by employer and taught at schools
8. 8.

Answer 2

The cause of unemployment is poverty. if we are poor, we can not afford proper education and that means we can not go to college and good paying jobs need to employ people who have studied in college. Because of this, you don't get a really good job and you get little money which will make you poor (plus if you have a family, you can not provide what's best for them).

Answer 3

There are a few types of unemployment:

1. Involuntary (most common)

2. Voluntary

3. Transient

Involuntary is where someone can not gain employment even though they are trying. there are numerous causes of this, here a few:

• Lack of skills
• Lack of available jobs
• Lack of entrepreneurship
• Geographical (unable to reach available geographical locations with available work)
• Unemployable (usually the long-term unemployed, have not worked for so long no one will take them on)

Voluntary Unemployment: someone chooses not to work: Why?

• The benefit system in place is too generous (i.e. no incentive to return to work)
• Too wealthy to need to work
• Criminal behaviour and also criminal record

Transient, means that they are currently between jobs and will have a month or two off between one job and the next.. this is sometimes referenced to as the 'natural' rate of unemployment.

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Other notable economic theories are that of 'efficiency wages' causing the cost of employing workers as being too high, having been driven up by Company A offering the best employee £100, then company B offering the same employee £110 to join them and so on, causing an inflation in the value of the employees with the best skills and the less skilled workers being left behind... this then leads to uncompetitive prices for both company A and B to produce internationally and invariably they will have to either close business, or shed some workforce.. both of which cause unemployment.

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Another big cause can be a shift in the export market of an economy... a good example was in the UK during the early 20th century:

Britain was heavily focused on the cotton and coal industries at the turn of the century.. there was however an international shift occurring where India was taking over their coal and a rise in oil production was leading a shift away from coal.. Britain got left behind and it took a long time to train citizens in new skills to move toward manufacturing and technology

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Unemployment is caused by economical collapse, such as the Great Depression of the 1930's. Since Supply & Demand is the sole factor on the economical scale, if items are not sold or bought within a country, then that country will literally close businesses since nothing is being purchased and workers will lose their jobs. Employment is based entirely on sales and stocks, or simply put, Supply & Demand.

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From a Keynesian perspective, full employment occurs where an economy is at full employment. Therefore, unemployment is caused by a decrease in aggregate demand for firm's goods and services, meaning that they do not produce as much and do not require as much labour - creating unemployment.

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The Classical theory of unemployment is where firms cannot make a profit from the sale of goods and services due to a higher cost of employing workers.

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1. laziness

2. lack of socialization

3. mental stress

4. lack of self esteem

5. Poor personality

The main causes are Mental/Physical Disabilities, The 2008-2009 economic recession, Lack of education/skills.

Answer 4

We live in a world of ever-growing population (it has doubled in the past 40 years or so) while many of the world's natural resources are shrinking, as we use them up. Economies have undergone a lot of technological change which makes it difficult for people to plan their careers; whole industries may disappear due to technological obsolescence. And the world is having economic problems due to severe lack of planning and many poor decisions made by banks, governments, and individuals. All of these factors contribute to the problem of unemployment.

Answer 5

There are many different causes to unemployment in the economy. The one that we are facing now is that people have stopped spending as much money so the companies need cheaper labor as to keep costs down, so they will fire their large amount of employees that have worked there for years thus earning more money, and hire less workers that are new so they don't earn as much. Other times in history unemployment has been caused by the monopolies created by large industries that put thousands of smaller business' out of business. Some people also blame the unemployment on either lazy people that refuse to get a job because they can earn money from the government for not having a job or immigrants that work for way less so the boss' will hire them.

Answer 6

Unemployment is that when every job seeker cant find job according to its ability,

its called unemployment.

Answer 7

The fact that capitalism is all about profit-making, so a company that is not making enough profit may well sack workers.