UNEMPLOYMENT 2
Unemployment is the state at which people over a certain age seek jobs, but there are no available jobs in the market for them to exercise their skills (Benanay, 2019). Unemployment covers both office and casual laborers who possess skilled and unskilled labor. Lack of resources entails the unavailability of factors and elements that are required by society to facilitate different life operations to take place. Such resources include hospital equipment, school buildings, and even farming resources to carry out agricultural processes. Both these factors have been associated with each other, and the level of unemployment in a country has always been associated with the availability of resources in that specific country (Goodman & Carr, 2017). Without jobs to employ the people and resources at the display to develop essential services, the poverty level is bound to rise. Therefore, it is true that the unavailability of resources in society contributes to the situation of unemployment in the community.
Unemployment, also known as joblessness, has been on the rise in recent years, and countries are working to solve this problem. A very large population of young people is walking and seeking jobs but with no success because the market is full and does not have any vacancies for fresh people in the job market. The topic of unemployment can be confusing as the jobless group comprised of people who have been looking for jobs with no success can be classified as long term and short-term unemployment. Long term employment composes of people who have been looking for employment opportunities for the last 12 months while short term unemployment comprises of people who have are fresh to the job market or have left the previous job and are under six months of job search (Edling, et al, 2017).
Unemployment is classified into four categories, namely frictional, demand low, voluntary and structural unemployment. Frictional unemployment is faced by workers who have recently quit or have been fired from their previous jobs. They are actively searching for other working opportunities to exercise their skills. In such an event, such unemployment is not harmful because workers may be looking for better environments to exercise their knowledge. Demand deficit unemployment occurs when there is a recession in the job market, and companies are likely to cut back on their production, leading to laying off employees. This accounts for one of the biggest forms of unemployment.
Coronavirus has led to the loss of billion of jobs around the globe because the production of various companies was not desired during the period of lockdown. So companies cannot retain their employees, leading to increased unemployment rates (Bholare, 2020). Voluntary unemployment happens when an employee decides to leave a job because it is not financially fulfilling or below the living cost. Structural unemployment occurs when the job skills required in i9n the market do not match the job seeker's skills, resulting in unemployment. Globally, unemployment rates have escalated, especially because of the world pandemic caused by Corona.
This has led to increased criminal activities on the streets as people do not have any jobs to bring adequate income. Resources in our country range from agriculture to technology and healthcare, among others (Bhika, 2017). All these resources are important to help society have the best healthcare services, increased job opportunities, and healthcare programs. The government in each country is in charge of the natural resources in a country, and it has to distribute these resources equally to improve the quality of life o the citizens. In most cases, especially in areas with high poverty levels, there is a low level of resources that are not accessible to every citizen. These causes are strain in a country's economy as every production process of the country is affected.
Lack of resources in a country also affects the employment and job creation in a country. There will be no money and other resources to invest and create jobs for the unemployed community. For people to have jobs where they can freely exercise their skills, there has to be organizations and companies which have been set up to create job opportunities for people possessing the required skills for the job opportunities. Without the resources needed in the display for society and the country, organizations will not create to employ people because of a lack of funds to build the required structure (Bhika, 2017). It will also be hard for such organizations to afford decent pay to their employees.
Satisfactory salary is the main strategy of retaining employees. Without enough resources to pay resources well as per the work done and also the provision of other employee services, it will be hard for companies to get any employees. Therefore, job creation required the essential resources at the display to make sure that employees get a place to exercise their skills. Without resources, things like banks, schools to employ teachers, hospitals, transport industries, and packaging industries will not be available (Abdi, 2020). Resources are also important to ensure that the job market people can acquire the needed skills to be employed in the target jobs.
Schools are essential because people learn skills to exercise at the workplace, such as teaching, hospital skills, and engineering skills (Abdi, 2020). In marginalized and rural areas, residents cannot access the required resources to acquire job skills compared to people in urban areas. People in rural areas often do not have the appropriate technology and even access to electricity and water and learning funds.
Therefore, most rural areas find it hard to enroll in schools and find it difficult to obtain low-skill job opportunities offering satisfactory pay. Most of the time, the unskilled job market cannot integrate all the unskilled laborers and contribute to the unemployed population in countries. Without the lack of proper resources such as technology, workers cannot equip themselves with the needed skills in the job market, leading to structural unemployment whereby the candidate’s working skills do not match with the skills of the jobs available.
Lack of resources also contributes to the lack of self-employment or entrepreneurial activities (Goodman & Carr, 2017). Most countries are urging unemployed youths to utilize their skills and begin small businesses that can bring them income and significantly reduce the problem of unemployment. However, this is a challenge because most unemployed people do not have the resources, such as capital required to start such businesses and create self-employment. Both unemployment and unavailability of resources are major issues that society is facing, and a solution to them can reduce poverty levels in the whole globe.
Lack of resources in society can be reduced by the government's effort to distribute national resources evenly so that all the citizens can have access to education and other services that can help them develop skills required in the job market. Also, the misuse of resources by the public, and even government officials should be stopped so that the available resources can be utilized to improve citizens' livelihood (Marti, et al, 2019). The improvement of the level of education and skills can help reduce unemployment and the creation of job opportunities by the government for both skilled and unskilled laborers.
References
Abdi, M. S. (2020). Children and Poverty: How a Lack of Resources can Leave A Child Behind. Retrieved from https://scholars.unh.edu/urc/475/
Benanav, A. (2019). The origins of informality: The ILO at the limit of the concept of unemployment. Journal of Global History, 14(1), 107-125. Retrieved from https://www.academia.edu/download/59304957/Benanav_-_Origins_of_Informality_-_JGH20190518-86230-1qbf8ob.pdf
Bhika, B. D. (2017). Challenges facing projects due to a lack of resources (Doctoral dissertation, University of Johannesburg). Retrieved from Bhika, B. D. (2017). Challenges facing projects due to a lack of resources (Doctoral dissertation, University of Johannesburg).
Bholane, K. P. (2020). Impact of Corona Outbreak on Global Economy. Purakala with ISSN, 0971-2143. Retrieved from https://www.researchgate.net/profile/Kishor_Bholane7/publication/341232504_Impact_of_Corona_Outbreak_on_Global_Economy/links/5eb4f5a44585152169be
Goodman, S., & Carr, P. (2017). The just world hypothesis as an argumentative resource in debates about unemployment benefits. Journal of Community & Applied Social Psychology, 27(4), 312-323. Retrieved from https://onlinelibrary.wiley.com/doi/full/10.1002/casp.2314
Hällsten, M., Edling, C., & Rydgren, J. (2017). Social capital, friendship networks, and youth unemployment. Social Science Research, 61, 234-250. Retrieved from https://www.sciencedirect.com/science/article/abs/pii/S0049089X15301320
Jorda, O., Marti, C., Nechio, F., & Tallman, E. (2019). Why Is Inflation Low Globally?. FRBSF Economic Letter, 19, 15. Retrieved from https://www.frbsf.org/economic-research/files/el2019-19.pdf