Unemployment is a bad omen for many families as well as the nation at large‟. Discuss...

Unemployment is a bad omen for many families as well as the nation at large‟. Discuss the aforementioned statement.

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Normally, the longer an individual is unemployed, the more difficult it is to find work. Similarly, a large number of unemployed people cause more social problems than a small number.

Unemployment has individual consequences. Some of those who are unemployed may seek a career change, while others may enjoy their additional leisure time! However, for the majority, there will be a fall in disposable income, since unemployment-related benefits seldom pay as much as salaried employment. Living standards will fall and some of the unemployed might be forced to over-use credit and loan-financed purchases.This will lead to several issues. Many of the families broke due to the unemployment issues. Many people loose their harmony due to unemployment and family life become miserable. The longer they remain unemployed, the less training and development they are receiving and the more unemployable they become.

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Rahul Sunny answered 1 year ago

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