Australia’s Youth Unemployment After the Great Recession, unemployment has risen. Underemployment and long-term jobs have also risen. Young people have done worse in the labor market since the Global Financial Crisis (GFC) than the older population. In Australia, youth unemployment and NEET rates have appeared to be lower than in…
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Many developed economies around the world have found it necessary to provide social welfare programs and protection to their citizens in order to help them get through difficult times like illness and unemployment. Evidently, this type of arrangement is used to help their citizens get through difficult times and to…
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Long-term unemployment occurs when a person is out of a job for 27 weeks or longer. To be listed as such by the Bureau of Labor Statistics, one must have successfully found jobs in the preceding four weeks. 1 (Kimberly Amedeo) After six months of looking for jobs and coming…
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According to the Atlantic, there are 4 million long-term unemployed people who have very little hope of seeking jobs when they are screened out by employers (Thompson). To have a consistent platform on the solutions for addressing the crisis, there is a need for a better understanding of the problems…
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Explain two misconceptions created by some people about trade Including trade is a zero sum game and trade is also responsible for increased US unemployment, two myths some people are making regarding trade. Trade includes trade between two or more countries in goods and services. One country exports to the…
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The California legislature exceeded a minimum wage increase which warrants that by 2023, the minimal wage will be $15 an hour. It could be perceived as a positive move for the employees but the outcome, in the long run, will be hurting because it will make it challenging to get…
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