With the ever increasing growth in technology‚ unemployment will be in the greatest danger in history. The world is growing faster than ever and with it come many beneficial advancements. But what is unaware to the world is behind the scenes; the economics of this world. Over the years unemployment has fluctuated due to the introduction of machinery. What used to be thirty cashiers in a Walmart‚ is now one employee overseeing thirty robotic cashiers. With robots‚ costs of production have decreased
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Since the recession the United States economy faced in 2008 and 2009‚ the economy has been slowly recovering. Currently‚ the unemployment rate in the United States is 4.9%(“Unemployment Rate” ). The Federal Reserve predicts that by the end of 2017‚ the unemployment rate to decrease to 4.8 % (“Economic Outlook” ). Inflation is also decreasing and it is expected to continue to until 2017 ( “Economic Outlook”). As inflation decreases‚ the price level will fall and the purchasing power of consumers
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Unemployment in Saudi Arabia‚ according to the latest official figures‚ was 5.5 percent of the total Saudi labor force (15 years and older) in 2012. This means there are at least 300‚000 unemployed people in the Kingdom. The decree on the short-run will Couse some sort of difficulties specially on the small and medium firms‚ but on the long-run the decree will affect on the market positively. Therefore we recommend the following: Weather Implement the decree gradually (100 and then 200
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expectations. Zara continues expansion in the Untied States‚ currently with 49 stores coast to coast. Their differentiation strategy has been successful (Maiellaro‚ 2010). Zara’s strategy and business design leave rivals with less time to figure out how to better configure and coordinate operations. As U.S. competitors attempt to follow Zara’s lead‚ Zara continues to set the pace and increase the distance between them and the competition. Issue Identification Zara came to the United States‚ first
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one compared to the one without experience. * This scenario reveals that‚ there izs a skills gap between what skills are required by employers and what skills graduates have. * Lack of experience and skills are also causes of graduate unemployment. private sector today is not interested in recruiting local graduates because they lack essential skills‚ such as proficieny in English and interpersonal skills. 1. Economy Firstly‚ the economy factor also causes why fresh graduate unemployed
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has a huge population. It has also limited resources. As a result‚ it faces a number of problems. Unemployment problem is one of them. It is next to population problem but more serious than the late. It has posed a great threat for our country. Unemployment is the condition of remaining without job. It is a problem because it hampers all national and economic progress. The main cause of unemployment is illiteracy. The second cause of it is the unwillingness of doing any work. The third cause is the
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capita expenditure 2 Trends in money metric poverty 3 Income distribution 4 Sources of household income 5 Distribution of household expenditures 4. Employment 1 Labour force participation 2 Unemployment and underemployment 3 Sectoral distribution 4 Real Wages 5 Dependency ratio 5. Nutrition 5. Education 1 Adult literacy rate 2 Primary school gross enrolment rates 3 Secondary school gross
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Unemployment problem in Bangladesh Unemployment means the state of being without any work both for the education and the uneducated for earning one’s livelihood. This problem has become a great concern all over the world .but nowhere in the world this problem is as acute as in Bangladesh. Thousands of people in our country are without any job. At present the toughest task for any young man is to manage a job. Hundreds of candidates alarm over a single post. The bad effect of unemployment is not
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How entrepreneurs can contribute to the economic development of a country? i) Entrepreneurs can promote capital formation in a country - Entrepreneurs need money to set up and run their firm. To do that‚ they will need to borrow or employ their own resources or money. This will cause money to be channelled to help the country’s economy as an economy will only thrive when there is money circulating in the economy of a country. ii) Entrepreneurs can create employment opportunities to the public
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During the years of the use of main frame systems data was stored and processed by large systems. As time progressed‚ similar data is being stored in a minuscule chip that can be carried with no effort. From the period of radios to the period of mobiles‚ from the dial up connections to Wi-Fi‚ technology provided many sophisticated solutions to problems. Telephone and internet eliminated the barriers to communication which were existent in the 20th century. Internet changed the world by providing
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