Unemployment

Unemployment is one of the major economic problems. People who are considered unemployed are those seeking work or are laid off for more than a week. The developed countries do not face such problems. But in developing countries job opportunities are not created to meet the needs of the growing population over time, the population grows, but economic development does not go hand in hand with the population. This gap creates a situation where people do not get a chance to earn and work.

There are many causes of this problem. First of all the population growth rate and industry growth are not at the same rate. As a result, every year more people need jobs, but on the other hand, opportunities remain almost the same.

The second reason for unemployment is science, due to the use of machines and the latest equipment, less labor force is needed to perform tasks. It also creates unemployment.

The third reason is the lack of technical education. Many students just obtain degrees in traditional literary education. They do not learn any technical or vocational education. This also creates unemployment. There is a need to promote technical education. The education system plays a vital role in this regard. Our country has no proper educational system. Technical and vocational education is still hard to get because no such institutes exist in our country. The private sector is playing its role but it is not easily affordable for everyone.

Another cause of unemployment is structural unemployment. As time goes on, consumer demand changes which causes growth in one industry, a decrease in another, or may lead to a complete shutdown of the industry. Structural unemployment causes regional unemployment because certain areas cannot attract new industries when their old ones are shut down.

There is a need to improve the situation. We also need to control the population growth rate to overcome the problem of unemployment.