Recommend which one of the following options might be the best for Simon for obtaining future employment: To look for a Job in the local are To wait for Jobs to be created in the enterprise zone To retrain as a computer technician Give reasons for your answer I would recommend that Simon retrain as a computer technician because it will give him a chance to retrain as a new profession and which gives him more skills and also he could use the government benefit money as well as the small amount of money from the aircraft to help cover him and his families wants and needs.
However option 3 will mean he has to study for three years which is a very long time and there is no guarantee that a Job there for him after he finishes his course and using the government benefits will make him more depended on them and reluctant to work again, which causes loss of skills. Also he won’t be earning an income so he will find it hard to support his family . Simons friend Sara has shown that computer technicians are in higher demand as the technology advance so thy earn higher
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I wouldn’t suggest option 2 to Simon because it will mean a 6 months tat for the enterprise to be created and it is not certain that businesses will be attracted to the area so he might not get the Job also he might not have the qualification that those businesses need. In the mean time his incentive to want to work will deteriorate as he might like the feeling of being at home which will not benefit my family and his emotional health as well as causing problems in his family.
On the other hand the opportunity cost is that he will miss out on the new Jobs being provided for the area and also the government has given the people an incentive by reducing the tax they have to pay. Furthermore, it is not advisable for Simon to choose option 1 as he might not find a Job because of the recession and 2000 other people will also be competing for Jobs. In addition to this Simon will become deskilled in the time he has to wait.
However this is a more immediate solution for his unemployment and he won’t have to relocate to find a Job. Overall I believe that Simon should choose option 3 because he will occupy his time doing something as well as improving his skills and it means he wont become depend on the government to build the enterprise which might not be done on time. Economics unit 11 By Castoff