What is unemployment and the effects.
2006-11-29 05:03:20 · 18 answers · asked by tunde007 1 in Social Science ➔ Economics
Government is the people.........
We should be able to start a new business without all the red-tape
Not enough free enterprise for the lower class and too many loop-holes for large businesses
The problems lately are there are too many people that rely on
the government to take care of them
2006-11-29 05:10:44 · answer #1 · answered by darcy m 7 · 1⤊ 0⤋
Government can never completely solve unemployment. There is something called frictional unemployment where employees leave one job and are searching for a new job. There is always going to be job turnover.
One way a government can get as low of unemployment as possible is to allow wages to adjust quickly. So if there is a lot of unemployment then employers could lower wages and jobs which are currently outsourced would stay here.
However, with minimum wage there will always be some additional unemployment as employers won't hire an additional worker at that rate.
In theory to get rid of unemployment you would need markets that are efficient and clear quickly. So no minimum wage or any other ceilings or floors that create externalities.
2006-11-29 13:17:59 · answer #2 · answered by ciza29 3 · 2⤊ 0⤋
Government can't solve unemployment. That's the problem now. We rely on government to solve our problems. It's up to us Americans to solve our problems. If we would stop buying things from foreign markets and start buying domestic items, then the demand for domestics would increase, thus increasing the need for more of a supply which would force manufacturers to hire more Americans to make the products. However, this is not the case. Our society in general has more faith in foreign automobiles, foreign electronics, foreign household items like refrigerators, microwaves, washers and dryers, etc.
The government could increase excise taxes on all items imported which would increase the cost of those items and due to the higher costs, force us to purchase domestics. Well, the other thing would be lower the minimum wage. If the minimum wage was lowered to the standards of the foreign markets then we could produce the items with a lower cost. Ultimately it's up to the business owners but thier decision would be a result of the American Economy which as it turns out is on a downward swing right now.
We simply need to realize that buying American Made products help our economy. Instead we would rather send our dollars to the companies in Asia and Europe.
2006-11-29 13:17:12 · answer #3 · answered by 35 goodlookinmalefrombalt 3 · 2⤊ 0⤋
Really the only way to "solve" unemployment is to have an absolutely amazing economy. The U.S. economy is high-powered, but just not enough. A good start is to get people on welfare programs like they have in Oregon that help people find jobs by requiring training (that they provide) and job searching (that they assist with) in order to recieve benefits. This may seem expensive, but the amount of people that get off welfare because of it actually ends up saving the state $$.
2006-11-29 20:02:28 · answer #4 · answered by Vikramesh 1 · 0⤊ 0⤋
It's not the government that can stop unemployment because they cannot make businesses hire all of the unemployed.
The only thing the government can do is offer incentives and programs to help the unemployed and they do have some programs already.
2006-11-29 19:40:06 · answer #5 · answered by Keith 2 · 0⤊ 0⤋
In the 1000s of years of 1000s of governments on this planet, if government could have solved unemployment, it would have figured it out by now. Many of the posters above make excellent points.
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2006-11-29 16:12:02 · answer #6 · answered by Zak 5 · 0⤊ 0⤋
Thats like asking what can water do to stop drowning.
Unemployment is caused and promoted by government action. Minimum wage laws, regulations, and payroll taxes restrict the availability of jobs and the incentive to work.
To compound the problem the government pays people for not working. Removing all incentive to work.
Now that the democrats are in charge I'm going to quit working myself.
2006-11-29 13:38:39 · answer #7 · answered by Roadkill 6 · 1⤊ 0⤋
well...'solving' unemplyemt implies that un emplyemnt is a problem. Actually, it is and it's not.
There are alot of people who are
1. do not want to work
2. are not fit for work or can't wok.
3. too young or too old to work
For example, all kids, eldery alot of disabled or super wealthy people are unemplyed...is it a problem? do we need to have jobs for toddlers ?..obviously this is silly and redicilous.
Also, there are different kinds of unemplyemt, For example, cyclical, structural etc. Basically, not all of these are 'bad' and need to be 'solved'. some, one can do absolutely nothing about!
The problem is, when 1. people who want to work, dont have skills to work in professions in which jobs are available.
2. when people spend a long time looking for work
number 1 can be solved by training schemes. number 2. can be solved by making it easier to find jobs (job centres).. or introducing incentives for people to look harder (cutting benefits).
wether these measures are right or wrong in ethical sense, is a different question.
2006-11-29 13:20:18 · answer #8 · answered by Yura 2 · 0⤊ 1⤋
We currently have the second lowest unemployment rate in history.
2006-11-29 13:05:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
By vacating all the sectors that the government themselves should not be in. That way the rest of may find some oppoptunities.
2006-12-01 05:27:55 · answer #10 · answered by Vaakshri 2 · 0⤊ 0⤋