We will share to you readers the importance of being employed. We have identified that by being employed, it acts as an income generation; with it (being employed) community will be economic independence. For those with children, it helps to generate income for the family to buy necessities such as food, clothing and shelter.
It is no doubt that nothing is free in this world, as easy as understanding that some toilets are charged for usage. In this modern world, 'beggers' are deemed to be inappropriate. A person with healthy condition is expected to earn their meal each day by working and receiving salary by the end of it.
How would you like to dream to stay in this house?
And the answer is.... It is not impossible!
We are here to help you, making your dream comes true with the full support of your own commitment.
Unemployment rate in an economy exists when number unemployed equals those of working age who are without work but who are available for work at the current wage and are actively seeking work (McTaggart 2010). When a country has a high unemployment rate that means an economy is underutilising the resources. Currently Australia’s unemployment rate is at 4.9% which is the lowest in the industrialised world. Bur however, in developing countries the unemployment rate goes up to 35% which is unfortunate. Countries that have the highest unemployment rates are listed below:
·Zimbabwe-95%
·Liberia-85%
·Vanuatu-78.21%
·South Africa-25.3%
·Spain-20.4%
When Unemployment Rates are high the government have to give benefits. The disadvantage of this is that the money which can be used for other important projects such as: infrastructure, education, defence, health is now used for unemployment benefits. Furthermore, unemployment creates poverty and income equality and wastes some of thescarce resourcesused in training workers (Anderton 2003). Due to poverty and inequality people’s standard of living decreases. This is the main reason why unfortunate people exist in our society. People are unable to buy clothes or food and pay for education as a result of poverty and income inequality. However, some may argue that income differentiates according to individual’s skills. Different jobs required different skills. Nowadays if a person wants improve on their computing skills so that he/she could work in an IT company there are specific courses which focuses on that. The problem is that we can afford the courses maybe because our parents are doing better jobs e.t.c but it is unfortunate that some people cannot. This is why we exist. We provide in house training for these people and enhance their skills required by the job. Not only people’s standard of living increases when they are employed but also it would affect the economy as well.
Below is a video about current unemployment status in Australia
References:
McTaggart, D, Findlay, C & Parkin, M 2010, Macroeconomic, 6th edn, Pearson, NSW
Anderton, A 2004, Economics, 3rd edn, Causeway Press, UK
