Unemployment

Question 1

What is unemployment?

Answer 1

Unemployment refers to someone who

• is willing to work
• capable of doing the job
• but cannot find a job

Question 2

Name the 6 effects of unemployment and explain each.

Answer 2

• Mental health-unemployment causes a lack of self-esteem and can lead to depression.
• Physical health issues- unemployment leads to stress, and it ill have an impact on your health.
• Political issues- unemployment will influence the governments ability to attract investors, it can also lead to strikes.
• Taxes(increase)- it creates frustration amongst people who pay tax.
• Crime(increases)- unemployment may lead to higher levels of crime, because people may take to crime in order to survive.
• Standard of living decrease- if unemployed, you cannot satisfy your wants and needs.