logo image

Unemployment and its Effect on Society and People

Unemployment effects society and individuals alike. When unemployment is out of control, it can greatly affect the economy to a negative degree. When such a debilitating effect on the economy starts to take root, then the possibility that unemployment rates will expand becomes a serious threat. There is also an additional distressing effect that unemployment yield: the debilitating effect that it impacts upon individuals in society. Probably the most significant negative impact unemployment has on people (in addition to the obvious financial problems) is the onset of depression and a growing feeling of frustration.

This is an important and often misunderstood area of concern because when a person starts to suffer from the psychological effects of unemployment, the ability to become gainfully employed once again is difficult. If anything, a person should not allow the negative realm of unemployment become a psychological hell. That is, one can not let the negativity of the depression that will result from being unemployed take over a person and impede their ability to move forward and take the steps required to become employed once again. Unemployment is a negative situation to be in, but it is not a permanent situation.

While it will require a great deal of effort to find gainful employment, finding such employment will be very difficult is a depressed, defeatist, negative attitude becomes the dominant personality trait within the job seeker.

Bibliography

Baker,Dean. (November 3, 2003) “Labor Market Protections and Unemployment: Does the IMF Have a Case? ” Retrieved April 8, 2007 from http://www. cepr. net/publications/IMF_unemployment. htm Piana, Valentina. (2001) “Unemployment. ” Retrieved April 8, 2007 from http://www. economicswebinstitute. org/glossary/unemploy. htm

Read full document

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy