In: Economics
What Psychological problems people can face when rate of unemployment gradually increase?
Solution:-
If the reate of unemployment gradually increases ,the problems can face by peoples are :-
• Effects on Communities
It affects the property values of surrounding homes and lack of
money for home maintenance can lead to neglect. Public schools that
rely on charitable contributions from parents for enrichment
activities, aides, and additional study materials may be forced to
offer less well-rounded educational programs and special needs
services when parents can no longer afford these contributions.
Parents who have to work more will cut classroom or fundraising
volunteer activities. In households where one spouse was the major
breadwinner, spouses who had chosen to stay home with young kids or
work part-time may have to go back to work full-time. Families may
lose homes or have to relocate because of the change in financial
status.
• Effects on Relationships
A spouse's job loss can also put strain on a marriage. Spouses may
blame each other for not cutting spending, not going back to work
soon enough, or not foreseeing this happening and finding another
position in time. In addition, many people deal with stress by
increasing alcohol intake or converting stress into anger,
potentially leading to increases in spousal arguments, domestic
violence, health and legal problems. Increasing financial stress or
transition also exacerbates pre-existing marital and relationship
problems. Stress, increased responsibilities, and obsessing over
finding a job can decrease desire and sexual interest. Increased
stress can also increase marital arguments or lead to lack of
communication if one or both spouses shuts down & withdraws
emotionally. Job loss can evoke shame and regret, which can lead to
depression, with further negative relationship impact. Lack of
money for babysitters or date nights can decrease opportunities for
having fun together, which is a key element of romance.• Effects on
Individuals
Research studies have shown that job loss can take a psychological and biological toll as well, leading to depression, anxiety disorders, increased somatic symptoms, such as fatigue or headaches, and higher rates of medical illness. This toll may be worse for men, who are socialized to evaluate their self-worth in terms of their financial and career success. Suicide attempts also rise with unemployment.
In today's environment, a long period of job search is the norm, particularly for older workers. A 2003 study found that 10% of those losing a job were reemployed after one week, 25% after one month, while another 25% were still unemployed 6 months later. These figures are even higher today. Even when workers do get reemployed, they often accept jobs with lower salaries and less opportunities for advancement.
Many psychological variables are adversely affected by unemployment, including perceived control, belief in one's own competence or self-efficacy, self-esteem, identity, life satisfaction, and sense of meaning and purpose in life. Research studies are mixed as to whether these effects are temporary or long-term. A study by Clark, Diener and colleagues in 2003 found that life satisfaction among unemployed did not return to pre-employment levels. On the other hand, a 2010 study by George Bonnano and colleagues at Columbia University, examining a large, representative sample of German workers, found that more than two thirds of workers coped well with job loss and most people returned to pre-employment life satisfaction levels within one year.