Can unemployment be fully removed?
Unemployment is a state where due to one or other reason one is not able to get a job according to his demand and ability. If one is unemployed because he is not having a job much higher than his capability, he cannot be said to be unemployed. In reality, it is the excess supply of workers over the demand for them that causes unemployment.
Unemployment can be classified into various groups. Full unemployment, partial unemployment, seasonal unemployment, cyclical unemployment, among educated and disguised unemployment.
Reasons for unemployment are many. Excessive population growth, less employment generation, more labour supply and less demand for labour. Lack of education and training, lack of industrialization and the use of modern automatic machines, and computers in agriculture and industry.
Can unemployment be fully removed? The answer is “No”. However, adopting different curative methods the extent of unemployment can be considerably reduced. In different countries of the world efforts are being made to reduce unemployment.
February 15th, 2009 at 10:45 pm
Oh! I suppose the outscourscing of jobs has nothing to do with it? Of course I saw it all before. Britain in the 80′s was a test run. Of course we were supposed to feel reassured by the fact that the service jobs would save the economy, we didn’t need industry. Employment eventually came back but mainly for women in part time, non union, no benefits positions. The only industrial enterprise being assembly plants for parts manufactured by the already outscourced plants. A neat way of getting around the EEC tarriff boundary
Could America manage to slip into the category of Offshore Island as easily as Britain? Does it want to? I leave it to you to imagine all the consequent issues. Just too many to ennumerate here.