Unemployment
Tyree Nelson
Unemployment is a big social problem in the world today. People need jobs to maintain their way of life and being able to support and provide for their families. The problem with unemployment in today’s world is the financial aid that goes through the government. Especially during the covid times many people are afraid to come outside and work with the virus still becoming increasingly spread throughout certain areas. Unemployment is even low in local fast food restaurant chains and it effects society because some of them must close later due to the amount of employment that they lack. The government has allowed people to get access to money for not wanting to work in an environment that is claimed as unsafe during this time due to the corona virus. People are beginning to become lazier and some products are running out in certain businesses because companies just don’t have the man power to be in production like they used to in pre-covid times. That is why when you walk in grocery stores and certain local markets that areas on the shelves are cleared out because it is taking them longer to get a shipment in to put stock out on the shelves. You see it all over the place in today’s world with all the “Now Hiring” signs up because it is simply a big issue in many industries right now. This could be good opportunity for some younger adults to come into the work force and make money, especially the ones in college. It is really hard to tell when the work force is going to go back up to where this won’t be such a major problem as it has become because when covid came some departments had to get let go because of the high risks that are at stake.
Work Cited
Doris, A., O’Neill, D., & Sweetman, O. (2020). Does Reducing Unemployment Benefits during a Recession Reduce Youth Unemployment? Evidence from a 50 Percent Cut in Unemployment Assistance. Journal of Human Resources 55(3), 902-925. https://www.muse.jhu.edu/article/759478.
Şahin, A., Song, J., Topa, G., & Violante, G. L. (2014). Mismatch Unemployment. The American Economic Review, 104(11), 3529–3564. http://www.jstor.org/stable/43495346
Farber, H.S., & Valletta, R.G. (2015). Do Extended Unemployment Benefits Lengthen Unemployment Spells?: Evidence from Recent Cycles in the U.S. Labor Market. Journal of Human Resources 50(4), 873-909. https://www.muse.jhu.edu/article/597480.
Fujita, S., & Moscarini, G. (2017). Recall and Unemployment. The American Economic Review, 107(12), 3875–3916. https://www.jstor.org/stable/26527899
Bambra, C., & Eikemo, T. A. (2009). Welfare state regimes, unemployment and health: a comparative study of the relationship between unemployment and self-reported health in 23 European countries. Journal of Epidemiology and Community Health (1979-), 63(2), 92–98. http://www.jstor.org/stable/20720894