Community post
Pros and cons of unemployment
advantages of unemployment
- reduction in labour cost
- greater availability of labor
- increased innovation and entrepreneurship
- reduction in traffic congestion and pollution.
disadvantages of unemployment
*reduced consumer spending - higher level of crime
- increased government spending
▶️ 3Speak
Replies (13)
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Thank you.
As for me, I don't believe in unemployment having any advantage except that companies will consider each worker as easily replaceable.
The cons are more of what I was interested in. I see crime rate going sky-high, and insecurity rising to the maximum.
Even the employed are experiencing stylish unemployment since they can't even afford basic things with their salaries anymore.
Understanding the pros of unemployment makes one understand that even the government benefits from it. Industries enjoy the ability to easily replace people at the slightest opportunity since there will always be someone to take over as soon.
Been long I came here, but this cannot be ignored. This is something going on right now, hence the need to contribute. Well, jobs are hard to keep these days, it is only by luck that one can retain his/her position. Also, only connection will allow the unemployed gain an employed position.
To Everything that have disadvantages there most always be advantages
Yeah, since people hardly get something to feed on and the government is not ready to do anything concerning it. And the country is producing countless numbers of graduates every year.
Most people just took the job so as to be able to feed themselves and still try to get their dream jobs.
Almost all sectors are being privatized late, should I say maybe the government can not longer finance most of this sectors?
You're welcome my brother, looking for work out there sounds like a joke to so many because it's what they have tried for years and all efforts proves abortive.
Awesome job @buzzfinance! Your first posts on Hive are a big deal. Keep up the fantastic work!