Unemployment

Unemployment is one of the serious most socio - economic problems which the world faces today. Unemployment can be defined as ' the lack of work ' for the workforce which it is capable to do. Many factors contribute to unemployment. The rapid growth of population and faulty education system are mainly responsible for unemployment in our country. When a large share of population is idle, it results in many social evils. Criminal activities become widespread. People take to immoral ways. Steep increase in poverty and low standards of public health are also the ill - effects of this problem. In fact, unemployment aggravates social unrest and economic imbalance in the country. The problem of unemployment can be solved it effort is made in right earnest. Population control, vacationalisation of education orientation of self - employment schemes and flourishing of agro-based industries are some of the useful measures that may ease the pressure. Students will have to be taught in self - employment and entrepreneurship. Our progress will be hindered if this large workforce is not utilised constructively.

Disguised Unemployment
Disguised Unemployment


Disguised Unemployment

Disguised Unemployment is a situation where workers, who are employed in a job is not actually utilised for the work they are hired. In other words, Disguised Unemployment is the situation in which the employee does not contribute to the result or output of an economy and is thus akin to a form of unemployment. When more workers are hired for a small amount of work, which can be done by less workers is called Disguised Unemployment.
Example - Suppose a factory can be run by 100 persons effectively, but actually 130 workers are appointed in the factory for the work, then the productivity of the extra 30 workers will be Zero as if they will not work then also the productivity or output will be same. And these 30 extra workers can be removed because they are obstacles in the maximum profit of the factory.
The disguised unemployment is very important factor for under developing and unorganised sectors of the economy. The disguised unemployment is major factor the small scale industries profit and loss. Example - In agricultural field, the numbers of farmers is high but the required numbers of farmers are less. So, it gets very difficult to track the disguised unemployment as it cannot be measured and shown in the records of unemployment.

Educated Unemployment

Educated Unemployment is the situation in which a person doesn't have the right job according to his qualification. This all problems arises due to lack of employment opportunities. The mainly obstacle in the employment is lack of opportunities which a person get to be employed. The Educated person doesn't get that opportunities to be hired and at last he works for the organisation where his job is under employment.
So to overcome Educated Unemployment we have to increase job availability and opportunities so that one can get right job and platform according to his qualification.

Disguised Unemployment
Disguised Unemployment

Question on Disguised Unemployment - Students in the country with top percentiles are wondering about what Jobs they will get ? 

India is a developing country. So a developing country means, it is still undone, many things to be done. In this country, nobody should be talking about unemployment because there is so much to be done. Now, the problem is you want only that certain kind of job where you will get the maximum pay without doing the needed work. Otherwise, it's a developing country ! There are million things yet to be done in this country. This is not a developed country, "What shall I do, everything is done?" No, there are too many things yet to be done. So, if you have a working brain and a seeing eye, if you look around there are a thousand things to be done right around you, isn't it ? So You should not be looking in terms of campus placement. The word 'Placement' sounds like you are in a hospiece. This should not be the attitude of the youth. What are you going to lose if you take a risk, I'm asking ? What are you going to lose ? Your friend may get into McKenzie, is that it ? That's not the way to look at life. If you look at life like that, you will regret. It's not a comment about any particular company, It's because everybody.... especially in Harvard Business School if you ask anybody, say, I'm...... I'm looking for a placement in McKenzie. I say, "What are you.... How many of you will go to McKenzie, ?" There is so much to be done in the world. If you have brain and the guts to do something, there is so much to be done in this world, isn't it ? Particularly in India. So, it would be awesome to see the students taking little more dare. If you think that the world can stop you ? No, the world will not put stones in your path. Either you can see them as obstacles or you can see them as possibilities. Where there is problem, there is possibility. That is, if you start looking what's the solution for this problem. If you just see the problem and you don't think beyond that, than the problem is great possibility, because if you sole this, that's it disguised unemployment.
Lots of problems are there in our country means a lot of opportunities. Please look how to solve it. That's in what you should invest in !