Unemployment and People

In any economy, no matter whether it is controlled by the government or by free markets, people need to work in order to support it. The government does not generate tax revenue by magic. There have to be people in that economy earning an income to ensure that the government continues to collect taxes. In a free market economy, the same applies because there are some services which only an organized government can supply (such as protection from extra-national threats), but there also those which the people get for themselves because of the working of the markets. In any scenario, unemployment is, at the very least, a drag on the economy, and it can be much worse. This paper examines how the unemployment rate in the United States is underreported, and how that fact effects the sluggishness of the present economy.

The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.

Have you ever just stopped to think about what it must be like to be “qualified” for a job yet be unemployed and homeless? Starving on the streets because you paid everything you had to an institution that was supposed to guarantee a better life, a more stable and successful career. Obviously this is an extreme case, not everyone who pays for college ends up living on the streets and broke, but almost every college graduate is in debt. For as long as college has been around it has always meant a better life, it’s always been that people who went to college were more successful, smarter, and would make way more money than someone who didn’t go to college ever would. Lately, however, college has become so expensive that going to college will more than likely leave you in debt working for years upon years just to pay back what you owe and then start making money for yourself.

When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force

Some graduates don’t want to go to college because they already make enough money at their current job or they’re not sure what they want to do with their lives just yet. However, there are several graduates who want to go to college but simply can’t afford it.

According to the Bureau of Labor Statistics, the unemployment rate is projected to be highest for those without a diploma or GED. However, those that have a master’s degree will have the lowest unemployment rates. Also, the 2018 estimated median weekly income for people with a diploma or college degrees are as followed: less than a high school diploma, $471; high school diploma, $652; some college but no degree, $727; associate degree, $785; bachelor’s degree, $1,066; master’s degree, $1,300; doctoral degree, $1,624; and professional degree, $1,735. There is a big difference between those without a diploma and those who have earned a bachelor’s degree is very noticeable. For someone to graduate high school and earn a degree in a career that one enjoys can almost immediately change their lifestyle and enjoyment of life. I, myself would enjoy my job more if I made a weekly income of $785, I do not want to work 40+ hours and barely get by. Many youthful people already know what they would enjoy being and by going to college not only will they have a job promised because of the degree in hand but they income will remind them of all of their hard-work. There are a few jobs that require higher education that does not pay as much as it should, but the one that come to mind first are teachers. Four years should earn someone an income of $50,000+ and yet after all of the hard work put into their career, the under-pay, and appreciation they still put their heart into their classes. A positive attitude about one’s job will create a much better work place and one worth being part

If you think about it, many people don’t attend college or continue due to the high costs of tuition, books, and room & board. I agree with Dr. Ricardo Azziz that “…we must focus on educating those without a college degree on its value, and foster access and retention so that those who want to attend college can attend -- and finish (Azziz).” It’s understandable that people fear debt and becoming burdened with loans, but an education is well worth the long term benefits. A college education is especially useful for when the economy is not doing well.

Studies suggest that fifty percent or more of new jobs that will appear in the upcoming decades will require their employees to have a postsecondary education (America’s Promise). However, the rising price of a college education is preventing many students from achieving their goal. This only adds to the number of unemployed young adults and the number of Americans living in property. People always say if you’re tired of being poor then do something about it but it is not as simple as it used to be. In the past thirty years the cost of getting a college degree has increase by 1,120 percent (Mosbergn). Not only that, but if you do manage to get a degree after you graduate you are often left paying off student loan debt. As of 2013, the amount of student loan debt to be paid off has surpassed one trillion dollars. Another reason why many student opt out of going to college is because they believe it is a waste of time. While that may not be the case for all students a recent poll showed that forty percent of college graduates are unemployed and left struggling to pay off a student loan alone with no job

It is harder for a person to get a decent job without going to college, yet so many students fear graduating and being unable to find a job.

For most people, going to college and/or graduate school is a necessary evil in today’s society. Although college and graduate school can cost $100,000 or more, those who don’t have a degree may be put at a disadvantage when attempting to get a job. However, what good is your college degree if you can’t get a job in your field and you’re unable to make your minimum monthly payment?

There are many factors that play into someone’s choice of attending college: interests, goals, prior education level, intelligence, financial situation, as well as many others. The higher the cost of attending college and obtaining a degree goes, the more pertinent this question becomes to society. The type of job a person is planning on obtaining after he completes his college education greatly impacts the value of his degree. Acquiring a well-paying job after leaving college is the only way for a college graduate to effectively pay off his student loans. Before someone can earn a degree and enter into the workforce, they must do well and complete all of their years in college. If a student goes through college for one year or two and then drops out and enters the workforce, he has wasted his time and

I feel that for those students that have inclination to attend college they should be encouraged and college should be an absolute right and should be made accessible at no cost since many top-performing students who come from low-income families have no chance of applying at top universities due to the cost, even though they have the ability to suceed. However, for those who have no intention, they should know that there are other options such as a trade or technical school, the military, or doing a on the job apprenticeship. Many students across the country that are choosing majors that do not lead to a viable career path after graduation. However, I have met welders that make over ninety-thousand dollars a year. In the other hand, I have also met people with a bachelors or masters degree that have no job and have a major debt in students loans. Many don't want to work in the the fields that they majored in because they don't have passion for it, or because it was their parent's dream not theirs. Others start college and then drop out because they were simply not ready, and end up feeing like total

However, life has changed, globalization and feminism have had a huge impact on the work environment all around the world. Technology has also made many jobs easier, yet very, very similar. Because of these changes, unemployment has become an issue all around the globe. The government views the unemployment situation as an individual problem.  From the government’s perspective, unemployment is due to the lack of training of the individual.  However, because

A four-year degree costs students “more than $19,000” (Stieger), and in this day and age it is nearly impossible to survive with only a high school education; being well qualified for a specific career position is very important to employers. George Leef, author of “Why on Earth Do We Have a ‘Student Loan Crisis’?,” says it best when he states that “college graduates are somewhat more reliable and easily trained than people with only high school diplomas … if there is a large enough number of [people] with college degrees, employers don’t have to bother with people who don’t have them” (Leef 29). That being said, I wonder how young people are expected to obtain some sort of degree, when higher education is nearly impossible for some families to afford. Although very significant changes have been made by our government offering improved financial aid to current and future students, more can still be done. Our politicians could increase the Pell Grant maximum to coincide with rising tuition costs, increase taxes on irrelevant goods and services to provide students with more direct funding, set up a “reward system” that would place more responsibility on the students (rather than themselves), and most importantly, our two main parties in office need to agree on specific changes.

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