Question

Are those who are working economically affected in any way by those who are unemployed ? Explain .

Answer 1

SOLUTION

THE PEOPLE WHO ARE ECONOMICALLY AFFECTED BY THE UNEMPLOYED

The impact of unemployment has far-reaching consequences. Even those who don't suffer layoffs in an office may find that their jobs (as well as their personal lives) have been negatively impacted. And those who have lost their jobs, hopes for a timely retirement may be dramatically altered,

"Employees work harder but earn less"

Labor department statistics show that Americans are producing more goods than in previous years, but are being paid less for their work. When coworkers are laid off, those that remain must pick up their slack, meaning longer hours, harder work and less pay. Although coperations may show some profits during these times, it often comes from employee cuts or reduced wages for those who remain.

Fear of job loss may leave employees feeling like they are at the mercy of their employees. For some companies, the hardest working employees may be the only ones around when the dust settles. While this may be a way to weed out the less productive workers, many of these productive workers may be facing burnout as well. It can be difficult to find motivation when there are no incentives (bonuses and raises). However, the fear of not having income may force employers to step up to the plate and work harder than before.

When unemployment is high, people who have jobs may be more stressed and overworked than before. Those that have lost jobs may be feeling depressed and anxious. Though recessions end, and unemployment rates will fluctuate, it takes more than high hopes to land on your feet after a stint of unemployment.