Causes of unemployment in Guatemala

The causes of unemployment are mainly the political and economic instability of our country that
causes great damage to the population, the lack of investments in industries that generate jobs to
society, the crisis we are going through is one of the main factors that generate Mass dismissals of
staff, lack of resources to work and continue to pay wages to employees; As well as poor financial
and strategic planning, capital flight to other countries, closure of companies that generate jobs, etc.

The demographic explosion is another important factor in this phenomenon, which causes that the
numbers of people who require work are vastly greater than the opportunities and vacancies that are
available, also the inflation, lack of preparation and experience are important causes of this problem ,
Due to the fact that there is an increasing dropout rate in schools, which in turn means that people do
not have the skills and knowledge required by companies, industries, etc. To qualify the positions
they offer.
Finally, another factor that marks the increase in unemployment rates in Guatemala is the high
degree of corruption in the country, which generates a misuse of power in order to achieve its own
benefits. There are crimes such as major financial thefts, which could well be used to generate jobs,
but nevertheless, they are usually used for illicit businesses.