Introduction for unemployment essay

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Introduction for unemployment essay

Unemployment Unemployment is the one constant throughout history. Despite changing technology, the underlying principles of why unemployment occurs remain the same. The three main causes of unemployment are economic conditions, new technology, and increasing populations.

Economic conditions are the main factor in unemployment. The economic crash caused unemployment to rise dramatically, and the same has been true of every economic slump throughout history. An economic crash causes businesses to fold and posts to disappear.

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Once a company fails to pay its employees it has no choice but to let them go. Sometimes, it reduces its size in waves of redundancies or it simply shuts down. New technology also has an impact. As conventional tasks become more automated and more convenient, some employees find their posts obsolete.

With no reason to continue paying them, they lose their jobs as the job simply disappears. Workers fought against the introduction of threshing machines which would make many traditional jobs disappear.

In the 21st century, the main threats are robotics and increasingly intelligent computers. Professional filing systems which require teams of people to maintain are now on a single computer server controlled by a single person. This is the form of unemployment which happens during prosperous times when companies can afford to invest in new technologies.

Increasing populations often lead to unemployment at a slower rate. The numbers of unemployed have increased over the past few decades as the population has accelerated. To an extent, the increasing demand for goods and trade balances out the population increase, but businesses often fail to deal with the short-term consequences.

It will take at least 20 years before the economy needs to respond to growing demand. There are simply not enough employment roles for the number of applicants. New technology and an increasing population generally go hand-in-hand.

The rescinding in the number of roles from multiple sides overwhelms the employment market and we finish with a shortfall in jobs.

Introduction for unemployment essay

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Introduction for unemployment essay

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Essay On Unemployment | sanjran