{"id":28124,"date":"2015-04-06T14:16:42","date_gmt":"2015-04-06T14:16:42","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=28124"},"modified":"2024-04-03T13:16:11","modified_gmt":"2024-04-03T07:46:11","slug":"economic-and-social-consequences-of-unemployment","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/economic-and-social-consequences-of-unemployment\/","title":{"rendered":"Economic and social consequences of unemployment"},"content":{"rendered":"

\"Economic<\/a><\/p>\n

Economic and Social Consequences of Unemployment :-<\/p>\n

Unemployment is a biggest issue which the economy faces today and a hurdle in the growth and development of the economy. There are many type of unemployment (Rural unemployment; Disguised unemployment; Seasonal unemployment; Urban unemployment; Industrial unemployment; Educated Unemployment) Which are existed in India and the root cause of problems like poverty in India.<\/p>\n

Thus the economic consequences of unemployment are :-<\/p>\n

– Non utilisation of manpower; human resources are not fully utilised. It is sheer wastage for the society.<\/p>\n

– Loss of output in the economy because unemployed persons only live as consumer not as producers.<\/p>\n

– Thus living only as consumer will add up the consumption not the production. They don’t earn nor do they save for investment; thus capital formation is low.<\/p>\n

– Due to disguised unemployment there is a low level of productivity which implies lesser surplus from an output for future generation.<\/p>\n

Thus these consequences leads to not only low level of present output but also the low level of future output because of lesser surplus for future investment.<\/p>\n

* Social Consequences :-<\/p>\n

– Unemployment leads to low quality of life which leads to the state of perpetual sufferings.<\/p>\n

– Higher the degree of unemployment; higher will be the inequality in the distribution of income and wealth.<\/p>\n

– Unemployment divides the Soviet into have or have not. Accordingly class conflict that compounds the problem of social unrest.<\/p>\n

– Unemployment leads to the vicious circle in society by causing problems like illiteracy; poverty; etc.<\/p>\n

Thus social consequences of unemployment is that it is a social menace as it denies social justice and enhances social unrest by increasing the disparity between have and haven’t.<\/p>\n

Thus unemployment effects a lot to the economically and socially and still is a reason of concern for our leaders to how to get rid of this problem.<\/p>\n

 <\/p>\n

Click here for government certifications<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Economic and Social Consequences of Unemployment :- Unemployment is a biggest issue which the economy faces today and a hurdle in the growth and development of the economy. There are many type of unemployment (Rural unemployment; Disguised unemployment; Seasonal unemployment; Urban unemployment; Industrial unemployment; Educated Unemployment) Which are existed in India and the root cause…<\/p>\n","protected":false},"author":398,"featured_media":28131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[2570,3050,3048,1337,3049,1154],"class_list":["post-28124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-consequences","tag-economic","tag-llife","tag-quality","tag-social","tag-unemployment"],"acf":[],"yoast_head":"\nEconomic and social consequences of unemployment - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Economic and social consequences of unemployment. 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