Title: Types, Causes, Effects & Solutions for Unemployment - E&C
Headings: Unemployment: Causes, Effects & Solutions
Types, Causes, Effects & Solutions for Unemployment
Unemployment: Causes, Effects & Solutions
Audio Lesson
Contents
Types of Unemployment
Cyclical unemployment
Frictional unemployment
Structural unemployment
Regional unemployment
Seasonal unemployment
Voluntary unemployment
Causes of Unemployment
Low level of education
Mental issues
Physical health problems
Gender discrimination
Mobbing
Homelessness
Burnout
Stroke of fate
Financial crisis
Structurally weak regions
Lack of motivation
Effects of Unemployment
Mental health issues
Physical health issues
Lower life expectancy
Homelessness
Drug use
Poverty
Social isolation
Adverse effects on children
Illegal activities
Economic effects
Solutions for Unemployment
Better education
Motivation programs
Programs against drug addiction and homelessness
Fight discrimination
Support programs for mental issues
Subsidies for companies how are reintegrating unemployed persons
Fiscal and monetary measures in a financial crisis situation
Fight structural unemployment
Create jobs
Conclusion
Sources
About the author

Content: Financial crisis
In case of a financial crisis like in 2008, many firms may have to terminate job contracts since the demand for their services or goods drops significantly and they will have to fire people in order to survive this period of economic distress. Depending on the severity of the crisis, this can lead to a significant increase in unemployment rates. Structurally weak regions
There are also many regions which have a quite weak economic infrastructure, meaning that there are not enough firms to provide sufficient job opportunities for the local population. This may be due to unattractive corporate tax levels or also due to political instability in some countries. Therefore, in these structurally weak regions, there are simply not enough jobs and unemployment rates may be quite high due to that. Lack of motivation
Some people may also just have not enough motivation to work at a job. These people may enjoy watching TV or playing video games all day long instead of working. This lack of motivation for work may be especially high for people who only have a low level of education and who would only be able to earn quite low wages, which makes it unattractive for them to work, especially if there is sufficient social security to cover their basic expenses. Effects of Unemployment
Mental health issues
Physical health issues
Lower life expectancy
Homelessness
Drug use
Poverty
Social isolation
Adverse effects on children
Illegal activities
Economic effects
Mental health issues
Unemployment can lead to severe mental health problems, especially for people who made their work their single purpose in life. These people may often find themselves in a difficult mental state since they just basically lose their whole life once they become unemployed.