Why is the ratio of unemployment increasing day by day?
Asked by nananne
(33 points)
on Sep 7, 2009
under Money and Finance
1 answers
Why is the ratio of unemployment increasing day by day?

![]() Brianna (96 points) |
on Sep 7, 2009Unemployment is a situation when people of the society are out of work. Unemployment is one of the very big problems which world is facing. The world rich countries like U.S, U.K economies are also suffering from unemployment. It will be not wrong to say that unemployment is a social evil which eat up the economies. Asia is one of those continents where unemployment is at its peak. The economic situation of the world today show that unemployment is something that anyone of us can face at any stage of life. What we have today in our hand we can’t be sure of it tomorrow due to economic crisis going on around the world economy. The ratio of the unemployment is increasing day by day there are many reason behind this. The very first reason is that our education system does not match our needs. More attention is on the general and liberal education. Second reason is that money circulation is in few hands. The key industries are in hand of few privileged people. There is a lot of talent in our youngster but opportunities are very few. They are not given the chance to prove themselves. The other reason of increase in the ratio of unemployment is the increasing population of the world. Our economy is not growing at the rate the population of world is increasing. As result of this the supply for goods and services is getting insufficient for the people as compare to demand. Brain drainage is also a reason of increasing unemployment. Many skilled people go abroad for education. But they do not return back to serve their nation. As a result the ratio of talented people and investment decreases. Political changes are also the cause of increasing unemployment ratio. Due to unstable political environment people hesitate to invest. Discouraging women to come into economic race is also the reason of unemployment. There is very little percentage of working women in our society. Usually they are thought to be week and not that much talented to earn. This is very wrong concept. If women are Encourage to get education and then do jobs it will help a lot. It will not only make the economic condition good but also the number of educated people in society will increase. |
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