Psychological Effects of Unemployment and Underemployment The current state of the economy continues to be an enormous stressor for Americans, with 78 percent reporting money as a significant source of stress (APA, 2009). Effects of Unemployment, Direct and Indirect Practices to Deal with Unemployment The first effect is the loss of a source of income, the loss of a way to make money is the cause of loss of money.
When this happens whether or if the person was aware of it, when it finally hits home that they have no income they experience shock. Unemployment generally defined as the number of persons (It is the percentage of labor force depends on the population of the country) who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy. Cause& Effect Essay: Unemployment Unemployment is the one constant throughout history.
Despite changing technology, the underlying principles of why unemployment occurs remain the same. In The Effects of Unemployment, more than one in four of the unemployed report major problems in relationships with a spouse or close relative tearing down the family dynamics, and more than one in five has sought help from a medical professional for major health problems they believe stem from their joblessness (J.
Kibilko, 2011). Effects of Unemployment 2011 High Crime Rate Linked to Low Wages and Unemployment Recent studies show that low wages and unemployment tend to make less educated people commit crimes. Causes and Effects of Unemployment Essay Sample.
Unemployment or joblessness is a state of life in which a person is missing a paid employment opportunity and is actively seeking work. Cause and Effect of Unemployment. Unemployment is a terrible thing, but unfortunately it is an everyday normality.
There are a plethora of reasons why someone ready and able Effects of unemployment essay without a job. Every action comes with a consequence however, the causes and effects of unemployment are very potent in life. How can the answer be improved? However, unemployment causes a sort of ripple effect across the economy. The two key problems resulting from unemployment, especially the unemployment of labor, are personal hardships and lost production.
Essay on the Impact of Unemployment The problem of unemployment is a serious one and it leads to a number of consequences. The evil of unemployment may be discussed under four heads; personal disorganization, family disorganization, social disorganization and irreparable financial losses The Psychological Effects of Unemployment Essay What the unemployed regretted in the absence of work was largely the extrinsic factors (OBrien 188). Of these extrinsic factors, the loss of income and social status were regretted the most (OBrien 196).
The unemployment rate, in its turn, depends on the economic situation. Therefore, there is a vicious circle, where the deterioration of the economic situation provokes the growing unemployment rate, while the growing unemployment rate aggravates the economic situation even more.