| Unemployment is a global phenomenon and a | | | | more options to make money. Schools are made |
| growing concern for most governing bodies. As | | | | for children and vice versa. Elimination of child |
| rate of employment is related to many | | | | labor can definitely help people to go for better |
| microeconomic factors of a country's progress, | | | | options. |
| many discussions have emerged which have lead | | | | 4) More Job Fairs: - Government should initialize |
| to many theories. Unemployment was an issue | | | | and create more job fairs which form a bridge |
| even before the global recession; it is just that | | | | between companies which have employment |
| recession emphasized and highlighted the issue. | | | | opportunities and people who need employment. |
| Most of the theories are either impractical or do | | | | 5) Increase in Government Grants to Public |
| not suit all the countries and some would manage | | | | Sector Companies: - Public sector companies are |
| to increase the level of unemployment as they | | | | also known to create hundreds of job |
| suggest remedies with freebies which can reduce | | | | opportunities. So an increase in grants to these |
| competition. Competition can never be | | | | companies will imply better functioning which will |
| compromised as without it, the overall job | | | | eventually help people who are unemployed. |
| satisfaction, incentive systems, pay scale and | | | | 6) Improving Pay Scales to Reduce |
| many other factors get affected directly or | | | | Unemployment by Choice:- Many people choose |
| indirectly. | | | | to be unemployed to do things they like or to |
| Some steps which can be taken by the | | | | avoid working on low pay scales. Improving pay |
| government sectors or world bodies in reducing | | | | scales in government and public sectors will give |
| the level of unemployment are discussed below:- | | | | fewer options for people to stay unemployed by |
| 1) Betterment of the Employment Exchange: - | | | | choice. |
| Employment exchange is a mere formality in | | | | 7) Legalizing Many Unconventional Methods of |
| many countries, so it is important that | | | | Earning: - There are many modes of making |
| employment exchange offices synchronize | | | | money which are considered illegal in many places |
| correctly and quickly with private companies which | | | | but are done secretly. Good examples of it are |
| provide the maximum job opportunities. | | | | prostitution, gambling and betting. Legalizing these |
| Government should grant more funds and powers | | | | activities will create more employment, taxes for |
| to its employment exchange terminal. | | | | the government and would reduce exploitation. |
| 2) Providing Better Educational Facilities to Citizens: | | | | Some other steps like making an independent |
| - Education creates employment, so a country | | | | Ministry of Employment and better tax transitions |
| with good educational facilities will have less | | | | will also help decreasing employment to some |
| unemployment | | | | extent. All these steps would definitely help the |
| 3) Elimination of Child Labor: - When underage | | | | government to reduce the level of employment. |
| children start making money, they will look for | | | | |