How Is Unemployment Linked With Poverty
Yuvraj Suri- Employment
How has Unemployment been linked with poverty in past few years?
Unemployment lies at the core of poverty. For the poor, labor is often the only asset they can use to improve their well-being. Hence the creation of productive employment opportunities is essential for reducing poverty and it is crucial to provide decent jobs that secure income for the poor. As the rate of unemployment increases the poverty would also increase as the people’s wants would increase.
GLOBAL PRESPECTIVES.
The present education system of India is not serving the purpose for which it has been started. India is the second highly populated countries after China and this has led to rush and competition in each and every field. Many private institutions and corporate institutions are coming out with high fee structure and world class facilities. Only rich and upper middle class people can afford these institutions and this is not reaching out the poor people. This is also one of the reasons for unemployment. It is being un-noticed that most of the students who doesn’t even know the subject properly are doing higher education just because it for free. And many of them at the end of their graduation are becoming jobless.
Unemployment Rate in Egypt increased to 13 from 12.50 percent. It includes only workers, regardless of people working in the economy, covering a range of street food processors and the people who play the most unusual trades get daily livelihood. Currently there are about 3 million people unemployed in Egypt, defined as people who have lost their jobs in the two years since the massive popular demonstrations.Unemployment rates for young people (from 15 to 29 years old) hit a whopping 77.5 per cent in the second quarter of 2012, 41.4 per cent for those between 20 and 24 years old and 25.3 per cent for those between 25 and 29 years old.
Spain shed 363,000 jobs in the last quarter of 2012. Investors are more confident in Spain’s economy now, but that
How has Unemployment been linked with poverty in past few years?
Unemployment lies at the core of poverty. For the poor, labor is often the only asset they can use to improve their well-being. Hence the creation of productive employment opportunities is essential for reducing poverty and it is crucial to provide decent jobs that secure income for the poor. As the rate of unemployment increases the poverty would also increase as the people’s wants would increase.
GLOBAL PRESPECTIVES.
The present education system of India is not serving the purpose for which it has been started. India is the second highly populated countries after China and this has led to rush and competition in each and every field. Many private institutions and corporate institutions are coming out with high fee structure and world class facilities. Only rich and upper middle class people can afford these institutions and this is not reaching out the poor people. This is also one of the reasons for unemployment. It is being un-noticed that most of the students who doesn’t even know the subject properly are doing higher education just because it for free. And many of them at the end of their graduation are becoming jobless.
Unemployment Rate in Egypt increased to 13 from 12.50 percent. It includes only workers, regardless of people working in the economy, covering a range of street food processors and the people who play the most unusual trades get daily livelihood. Currently there are about 3 million people unemployed in Egypt, defined as people who have lost their jobs in the two years since the massive popular demonstrations.Unemployment rates for young people (from 15 to 29 years old) hit a whopping 77.5 per cent in the second quarter of 2012, 41.4 per cent for those between 20 and 24 years old and 25.3 per cent for those between 25 and 29 years old.
Spain shed 363,000 jobs in the last quarter of 2012. Investors are more confident in Spain’s economy now, but that