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Essay on job | ||
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This is the first 1,000 characters of 570 words (2.28 pages) in the essay titled job Unemployment has always been a problem in our society. The current unemployment rate in Ontario is approximately six percent. This percentage does not usually fluctuate very much, unless there is some dramatic incident that affects the whole economy, like inflation for example. There are numerous causes of unemployment that economists around the world have came up with. However, I will describe the most important ones that are relevant to Canada. The biggest reason for unemployment, not just Canada, but also worldwide, is frictional unemployment. Many people are always to be found in the process of moving from one job to another in order to improve their salary. And frictional unemployment is the delay in movement between jobs. It also applies to young people trying to find their first time job, language disabilities and lack of skills, including literacy. Frictional employment of this kind increases every year. The effects of this kind of unemployment is that there are more and more young job seekers out there, while the average level of formal education and job expectations of these new entrants to the labour force is very high. But the most important effect of all is the reduction in the rate of growth of new job opportunities. Frictional unemployment can only be reduced by better career counseling, guiding school leavers into areas which have great number of jobs, by offering subsidies to employers, and by breaking down artificial barriers to certain trades an... |
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Keywords: frictional unemployment, causes of unemployment, job seekers, time job, new job, job opportunities, current unemployment rate, canada, jobs, language disabilities, career counseling, six percent, dramatic incident, artificial barriers, formal education, port operations, breaking down, labour force, municipalities, economists