Practical Schooling

System

Name: Usman Ali

Class: VIII-A

Sub: Global Perspective

Date: 20 October, 2022

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Submitted Too: Ms. Ghazmeen

 Unemployment Globally
Employment is when an adult gets a job and starts working. But
unemployment is real, and a very big problem. It is when adults can not get a job
for either being un-skilled or coming from poor backgrounds.
Many people are unemployed today, and it is much higher in recent years
due to the Coronavirus outbreak in 2020. But besides Covid-19, many other
reasons exist as to why more and more people are becoming jobless. Some
common types are when workers move somewhere far, they have to find a new
job. Other reasons are when a new worker after graduating are finding jobs, or
when an old worker stops working for a period of time and then get back to trying
to find a job. Another reason that people think that will be the main reason for
unemployment is robots taking out jobs, but I personally disagree as robots can
showcase us to a whole new genre of jobs like robot engineering or robot
supervising. But the biggest reason is just the lack of job opportunities, like if
people are not skilled enough or that naturally there is a scarce amount of jobs in
your area. But youth unemployment is the worst as young workers are almost three
times more likely to be jobless than older ones. Also, it will stop younger adults for
earning but also scar them for the future as if they can get jobs or not. Research
further confirms that youth employment in someone’s life can cause a wage
penalty for up to 20 years. Employment in one’s early life can also “erode” the
person’s skills and can negatively impact the level of their occupational attainment.
But the most important thing of a young adult’s employment are the strong
connections that are built while working, so losing that skillset is a huge downside.
The current state of youth unemployment is really bad, over 6% of the
world’s population is unemployed, and 23% of people earn less than 1.25USD per
day. And if nothing improves, then many bad things can happen.