4 October, 2024
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Introduction:
Unemployment refers to the situation where individuals who are capable and willing to work are unable to find suitable employment. It is a significant economic and social issue that affects individuals, families, and communities. Unemployment is often measured as the percentage of the labor force that is without a job but actively seeking work. There are several measures that can help solve the problem of unemployment:
Measures to eradicate unemployment:
- Rapid economic development: Quick and diversified industrialization should occupy the Central place in the policy. This will open new avenues of employment for this purpose labor intensive industries should receive greater attentions since they have larger employment potential.
- Spread of new form technology: To increase the employment potential of agricultural, modernization of agriculture that is use of irrigation facilities, fertilizers, HYV seeds and measures of pest control Etc. will have to be added to increase productivity.
- Network of employment exchanges: Both rural and urban employment exchange is established throughout the country to add the mobility of labor and reduce unemployment due to social time lag.
- Liberal institutional finance for self employed: If adequate financial facilities are made available, millions of people may take to one business or the other, producing goods and services that holds out the great scope for the expansion of employment opportunities.
- Promotion of Foreign and Domestic Investments: Attracting investment in the industries like manufacturing, technology, green energy creates jobs and enhances economic development. Public infrastructure projects such as building roads, schools, and hospitals can provide immediate employment opportunities and stimulate long-term economic growth. This can reduce the pressure of unemployment on the economy.
- Reconstruction of agriculture: It refers to the process of modernizing, or transforming agricultural practices to improve productivity, sustainability, and economic viability. It often occurs in response to crises such as natural disasters, wars, economic downturns, or structural inefficiencies in the agricultural sector. Agricultural reconstruction can also be part of a broader strategy to solve the problem of unemployment and adapt to modern challenges like climate change, urbanization, and population growth.
- Adoption of labor-intensive techniques: This technique is very effective on unemployment. It refers to the use of production methods that depend heavily on human labor rather than on capital or machinery. This approach is particularly significant in developing countries where labor is abundant, but capital and advanced technology are scarce or expensive. Labor-intensive techniques are often used in agriculture, manufacturing, and service industries as a means of creating jobs and reducing unemployment, while also promoting economic growth.
- Rapid industrialization: It refers to the accelerated development of a country or region’s industrial sector, typically characterized by a shift from an agrarian economy to one dominated by manufacturing, services, and technological innovation. This process involves building industries such as manufacturing, mining, energy production, and construction on a large scale, often with government intervention and support.
Other measures:
- Establishment of work and training at places where work opportunities have been provided under the plan
- Special assistance be provided to individuals or small groups of people for establishing small industries and business
- Training facilities be expanded in those times in which manpower shortage at present exist.
- Active encouragement is given to the products of cottage and small scale industries.
- National extension services be extended further
- Single teacher adult schools in towns and villages be opened
- Road transport to developed
- Rural electrification is quickened.
also read: explain the causes of unemployment.
Category: ECONOMICS4, UNIT-1