The employers are losing their competitive edge in global markets. It will not only be an educational study, but also lay a good groundwork for further exploration on the theme in Ika North East Local Government Area. Here the working hour is more and the wage rate is low. It pertains to those individuals who not children or not retired. This makes us the greatest country in the world. This in turn leads to a proliferation of universities. This economic crisis has effected in a very negative manner, the trade between countries.
It helps them to understand the labour market and education systems, and to relate this to what they know about themselves. If we do not continue this trend, the supply of working hours is greater than the demand. The existence of unemployment due to lack of capital or other cooperating factors was an important question which was discussed by Marx in the context of advanced industrialized countries. This is because some time is required for job searchers to have information about the availability of jobs. However nowadays, computers and various other machines can perform even the most complex of tasks in a matter of minutes. This clearly shows the failure of modern educational system and insolvency of our policy makers. Voluntary unemployment This occurs when people choose to remain unemployed rather than take jobs available.
Do you think that if there is adequate employment, poverty level would be reduced? But a similar factor responsible for huge unemployment prevailing in these countries is lack of infrastructure such as roads, power, telecommunications, highways, irrigation facilities in agriculture. The imbalance in this issue undoubtedly leads to an increase in the number of graduates in certain specialties that the labor market does not want. In Kenya, the agricultural sector has employed over 60% of Kenyans. This is because many people lack the technical knowledge and cannot specialize in carrying out roles in factories for example thus rendering them unemployed due to lack of the required skills. While to the immediate distant west are the Abavo and Ekwu-Agbor area respectively. Government on her side also forget Agricultural sector, which was the mainstay of the economy in the 1960s. If these proposed solutions could be implemented by the various African governments, the health and longevity of our people would be enhanced and preserved.
Cause 5 Neglect of the Role of Agriculture in Employment Generation: An important factor responsible for slow growth of employment opportunities is the neglect of agriculture for generating employment opportunities. When businessmen cannot sell their entire output, their profit expectations are not fulfilled so that their reaction in the next period is to reduce their output. In the modern world, man by himself can hardly produce anything. India India Located in southern Asia which is the largest South Asian subcontinent has diversity and rich culture and tourism resources. A major part of unemployment in developed countries is of cyclical nature which is due to deficiency of aggregate effective demand.
In an attempt to escape from the hopelessness of the situation, the unemployed may indulge in excessive consumption of alcohol, usually the cheap local brew with its potential health repercussions; especially for the liver but also for physical health in general. Governments of developing nations give little attention to the agricultural sector failing to realize it is important to their development. Country where the industrialization process is slow has larger percentage of population found to be unemployed as compared to those where the industrialization is fairly faster. This is also the problem that the developing countries like India are facing today. It was rare to find someone unemployed.
This is due to slow industrialization and urbanization in the developing countries. The rate of unemployment in advanced countries is way below that of developing or undeveloped nations. Overpopulation Over the years, the world has experienced rapid population growth and the third world countries are no exception to this development. The findings will provide a blue print for government policies towards the reduction of unemployment in the society. Unemployment can be as a result of seasonal layoffs, racial discrimination, technological changes, and fluctuations in the economy, lack of adequate skills, lack of capital, overpopulation, trading cycle and a poor performance of agricultural sector. Also,, Employers generally look for specific employees, with the right skills or qualifications in the right location within a set number of hours.
Thus, in developing countries, there is not much Keynesian type short-term unemployment. In absence of capital, a country lack production instruments to create productive employment. Today, we have both educated and uneducated unemployed people. In such countries we can expect that there would not be a significant relationship between employment and growth of agriculture. Full employment will exist in spite of their not working.
The employability, however, is a more serious problem and is a major challenge to the entire educational system and the content of the curriculum as well as the emphasis on the theoretical as distinguished from practical applied training. Marsden 1975 and Smith 1995 both agreed that as far as unemployment affects the individual, the most social effect is loss of income, and that unemployment is in the first place of problem of poverty. In the late nineties, natural rate of unemployment was estimated to be 5. This frictional unemployment is referred as the time lag between the jobs when an person is searching for a new job or is switching between the jobs. Creeping inflation has raised the expenditure and reduce the saving mostly in case of the middle and lower middle class of population resulting in poor investment in individual and small and middle entrepreneurial activities. This has led to decreased production and the eventual and unavoidable lay-offs.
Now, a pertinent question is why capital-intensive techniques are used in industries despite the condition of labour abundance in the economy. Unemployment is a problem which affects not just individual people but the of a whole country. In addition to this even women are being encouraged to come forward and study so that their future is bright and promising. The aim is to accommodate as many qualified students as possible; but there is often inadequate planning for the future employment of graduates. Further, due to changes in demand for some goods, the output of industries producing them declines rendering some people unemployed.