EASSY ON UNEMPLOYMENT WITH QUOTATIONS FOR CLASS 10 & 12

 EASSY ON UNEMPLOYMENT FOR CLASS 10 & 12
UNEMPLOYMENT

“When more and more people are thrown out of work, unemployment results.”

Since its very inception in 1947, Pakistan has been facing many serious problems. These problems are hampering the progress and prosperity of the country. Unemployment is one of the biggest challenges faced by the govt. and the people of Pakistan. Unemployment means the joblessness of the people who are qualified and fit to do a job. This has assumed gigantic proportions in the recent years. Many other problems and evils are taking birth as the by-products of unemployment.

“Economy's got to get moving, we've got to get the unemployment rate down. That may be the defining issue of the campaign.”

Unemployment, a persistent concern in economics worldwide, encompasses far-reaching consequences that reverberate across societies. Beyond the simply metric of joblessness, it bears significant implications for individuals, families, and the broader socio-economic fabric. When individuals are unable to secure employment, their financial stability is compromised, leading to a lack of access to basic necessities and eroding their quality of life. This, in turn, can strain families, disrupt education, and impede access to healthcare.

“If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.”

A major cause of unemployment is the lack of professional and technical education. Most educated young people are not qualified enough to do a technical job. The degree like B.A. and M.A. do not guarantee any professional qualification. This does not seem to have any planning to solve this problem.

“Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.”

Secondly, our population is increasing at an alarming rate. Every year, millions of young people complete their education and enter the job market. But there are not enough jobs for them. Thirdly, bad and inept governance has also played a negative role in the escalation of unemployment. Political corruption, nepotism, extortion, and embezzlement mean that only those people can get good jobs who are in the good book of the politicians and bureaucracy. Moreover, terrorism has broken the backbone of our economy. There is hardly any foreign investment which has aggravated our sufferings.

“Unemployment is a great tragedy. The man who goes about hopelessly seeking work in order to earn bread for his children is a living reproach to civilization.”

Unemployment has many serious and far-reaching social, economic and psychological consequences. First of all, it is one of major causes of terrorism. The jobless youth is easily lured and brainwashed byterrorist organizations. They are further used to destabilize the country through nefarious agenda. Secondly, unemployment gives rise to other social evils like beggary, child laboagendasr and robbery. As the educated people consider themselves deprived by the state, they get themselves involved in criminal activities like robbery, theft and drug addiction. If we pick a newspaper of any day, we find many cases of suicides due to unemployment and poverty.

“Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.”

Tackling the challenge of unemployment is an arduous task. Many steps need to be taken promptly to eradicate the problem of unemployment. First of all, the govt. will have to realize its responsibility of providing basic facilities to the masses which can be ensured by giving people good jobs. Without giving good jobs to the people, the dream of a prosperous Pakistan will be nothing more than a crying for the moon.

“Unemployment, low wages, and poverty discourage family formation and erode family stability, making it less likely that individuals will marry in the first place and more likely that their marriages will dissolve.”

Unemployment insurance, abolishing child labor, the 40-hours work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as ‘socialist’. Yet, these programs have become the fabric of our nation and the foundation of the middle class.

“The national framework of social insurance - social security, unemployment and disability benefits, work programs, and workers' compensation - protected citizens from the kinds of risks that private markets couldn't or wouldn't insure.”

The conservative belief that there is some law of nature which prevents men from being employed, that it is rash to employ men and that it is financial sound to maintain a tenth of the population in idleness for an indefinite period, is crazily improbable- the sort of thing which no man could believe who had not had his head fuddled with nonsense for years and years.

“The economy, unemployment, the future... Politicians, economists, and journalists are constantly debating these key issues for our country but rarely come to an answer. But behind all this, there is a fairly simple truth: no matter what anybody says, jobs are hard to come by.”

The taxes collected from the public should be used for the welfare of the people. There should be internships or unemployment allowance for the jobless educated people. Furthermore, the govt. should take steps to promote technical and professional education along with formal education. Our education system should be modified to meet the challenges and requirement of the modern world. To sum up the discussion, it may be said that unemployment is social problem with serious repercussions. The nation especially the govt. needs to deal with it with serious planning and efforts. Only through removing unemployment can we dream of a prosperous and developed Pakistan.

“Our nation stands at the crossroads of liberty. Crushing national debt, rampant illegal immigration, insane business regulations and staggering national unemployment are pushing our nation into unchartered territory.”