Sarah Abutaleb June 2, 2009
It is routine when one of the parents or both of them wake up in the morning and go to work because it is the custom of life that God has created us for. Everyone needs a job so they can afford daily demands. In addition, if you are a married person, you are responsible to feed your children, educate them and provide all their needs. Nevertheless, it is getting harder to find a good job that fits and covers everything you want. Unemployment percentage has actually increased. It has jumped up to 8.1 percent in the year 2009 and that is the highest level in more than 25 years! How many of them will come home to nothing, nowhere to go, or no one to work for? That is why I will do my essay about this important subject; it will cover the main reasons of unemployment and its effects.
The first main reason for unemployment is the economic recession. Recently prices of products rose to above average limit. Thereby, people are unable to purchase the same things they used to buy before. For instance, if a person usually buys a jar of jam that costs SR 10 every month, now it will be hard to buy the same size for its more expensive. It will cost more than SR 15, which is a big difference. Therefore, people face a hard time getting everything they used to get. As a result, companies and factories start to downsize their employees or to lower their salaries. Moreover, companies and factories cannot afford the suitable salary for their employees.
... unemployed receive government assistance if they meet certain requirements, unemployment benefits leave many to survive below the poverty line. ... to buy as many exports as they would be able to previously. There are no positive aspects of unemployment and ... on increased government expenditure. Some regions have been particularly hard hit, with industries that have previously provided the bulk ...
The second reason is importing products from outside. When a country imports products from outside without any local productions, this means that factories do not need local employees anymore. The reason why this happens is that factories are satisfied with the imported products they have. In fact, a country can introduce cheaper products from abroad because of the cheaper labor there, they receive a lower wages. For example, farmers in third world countries such as India and China work for SR 100 per month farming wheat, whereas in Saudi Arabia workers make more than SR 1500 at least.
In conclusion, it is very clear that world unemployment is a hot topic that we should all pay attention to. It is not an easy thing when people go down with their jobs because they lose their income. Moreover, they will be unable to support their families, and they will need help from government and social services. Furthermore, if unemployment increases, this will lead to a dangerous effect on society such as In brief, according to what is happening nowadays for the economic crisis, I suggest to employees to work as a part time job in another company to create an extra income from. A side job could secure the person in case of company’s downsizing or economic crisis.