Benefits Of Benefits For Being Unemployed

An increase in the unemployment rate means that more individuals do not have an income, thus meaning many households suffer reduced disposable funds. This causes a decrease in the level of aggregate demand within the economy and therefore reduces economic growth. This in turn causes a slower circular flow of income, meaning that households may be forced into or past poverty, as a result of the lowered income generated, reducing the living standards and quality of life. The downturn experienced by the economy can also offset many individuals seeing them not wanting to return back to the workforce due to the lack of jobs available, making them long-term unemployed rather than cyclically unemployed, or if the firm initially was promoting structural change, structurally unemployed. Combined with poverty, the aspect of unemployment can lead to other severe mental health issues and illness reaching extremes.

In 2011, the rate of unemployment is at 9%. Although there is a decline it has been rather slow. Financial analysts predict that unemployment rate would drop to 8%. Even for the people who still have their jobs the hours that they work have been reduced since then. With reduced hours the productivity of the workers would not be fully exploited which in the end, affects the economy. This is so because with a small fiscal base the economy has not been able to recover from recession fast enough. Although there have been positive growths in the employment rates these growths are barely enough. They do little to help in the dire situation. This only means that joblessness is something that the population would have learned to live with.

For individual, it will bring the financial problems to them because they do not have money to support their expenditure in daily life. A worker who unemployed for a long time as a result can lose his self-esteem. The feeling of inadequacy can lead to depression, frustration and lastly can bring them to make a stupid decision such as suicide. Their job skills also may be loses if they lack of application.

Working off the last paragraph, less unemployment leads to a higher overall production of products, leading to a higher GDP. A higher GDP leads to a higher standard of living. Basically if everyone in an economy was working and being productive, the economy would start to flourish (Doc 2). But due to an increase in firings and unemployment, the cornucopia of the economy is struggling (Doc 3). The job market is suffering and business struggle to find workers (Doc 1). Workers are important to the economy, keeping it running successfully and completing the business

I believe that being unemployed for a prolonged period may be a detriment to physical and mental health due to overwhelming stress. The idea of unemployment being detrimental to health correlates with Pharr’s (2012) and Janlert’s (2014) researches on the impact of unemployment on mental and physical health. Both concluded similarly that people who have been unemployed for prolonged period have poor mental health compared to the employed, Pharr (2012) also stated that unemployed people are hesitant to receive medical treatment for physical health due to cost. Stress contributes to poor mental health but also feelings of disappointment and shame towards

K.Moser found that unemployment was a key factor in health issues in society, mortality rates were higher for those who were unemployed and the prospect of unemployment is detrimental to the health of an individual. M.H.Brenner (1977) suggested loss of a job is like bereavement but isn’t seen or respect as such (7).

Once a you become unemployed, however, you become powerless, desperate for any source of an income. Once in this position, an individual is likely to take a job which is below their capabilities and for less pay.  The difference in class and standing continues to increase. Those with money have the luxury of waiting for a job that strikes their interest, not just a job to make minimum wage.  They can wait until an appropriate job comes up or they can further their education to improve their position even more. Economically, the world is entering into a new phase in which fewer workers will be needed to produce the goods and services for the global population.  For most of the modern era, people's worth has been determined by the value of their labor and skills.

There are many policies that have been put in place to try and prevent long term unemployment, especially in the areas of education, disadvantaged areas and disadvantaged individuals. The social welfare has also improved from previous years to make sure that people who are long term unemployed are not living in poverty. With regards to education people can no longer afford to leave school early, and they also cannot be guaranteed and full time job. Currently, if you want to avoid long term unemployment education play's a very important role. According to Considine and Dukelow (2009) "in the current era, brains and intelligence count most in what is regarded as human capital" (Considine and Dukelow, 2009, p. 296). Educational disadvantage could

Sociologists study human society. Their subject matter includes human behaviour in various social contexts, social interaction, social institutions and organisation, social change and development (Haralmbos, Van Krieken, Smith & Holborn 1999). For this reason, unemployment is an issue which sociologists delve. Unemployment has far reaching affects in all areas of society. Stratification in the areas of age, race, class, gender, ethnicity, sex and disability is rife amongst the employed and unemployed alike, unemployment creates further segregation amongst these already stratified people. This essay will look at unemployment from the functional and conflict theory

Unemployment is a condition of involuntary or forced idleness, which on the one hand hinders effective demand for agricultural and industrial products, and on the other paves the way for anti-social activities. It indicates a situation wherein all human resources which should have been geared to maximise the natural production are not being utilised. Such a situation results in far-reaching consequences. It makes the measures to increase production and renders the rights of labour unsafe. It is a criminal waste of pro¬ductive power. Though it is a

Unemployment is considered to be an unanticipated inflation within the economical markets. Despite, the changes of the market and business consumers who are laid off rely on the compensation benefits to provide for families and retain their bills. Considering that a consumer becomes self-absorbed with these benefits the job market seems to be a completive to attain employment. In addition, consumers are unaware of the benefits that are given for support are on clarified for temporary purposes.

The absence of employment, therefore, can mean that many people do not have vital human needs met such as an opportunity to exercise control, to use and develop skills and have contact with others.

Even though Unemployment benefits are offered not always necessarily a good thing. The help of the government financially to any citizen that was let go from their job not being their fault can only establish a comfort of being unemployed. Causing the effort of an individual to get a new job to decrease. The only good thing that has been able to come through the unemployment is something that to many sounds illogical which is the rise in rate production. Which in negative views has been causing the need for new jobs and workers to decrease.

Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group

Money is essential to any individual looking to have a decent lifestyle; labor is the avenue through which this is acquired. The economy goes through various fluctuations in activity causing unemployment to fall, rise, or level out. What this creates is the first type of unemployment, known as cyclical; frictional is the second type, caused by a temporary leave (for whatever reason) by the employee, and structural is the third type, varying with the economic changes in demand. The absence of unemployment at its maximum level is termed full employment, another version of unemployment. The term encompassing the sum of the frictional, structural, and, yet another type of unemployment, surplus unemployment is that of the natural rate of