Society is a group of people who live together in a given locality to derive social welfare and common benefit. That is why human beings began living in communities. The idea of living as a society began during the days of early man. People had to be interdependent in order to achieve both personal and common goals. However, this society faces a lot of challenges that curtail the healthy relationship between the people in society. The society that we are living in is a collection of a large number of individuals, and it is not easy to resolve if there is an issue. So here are some of the issues that the society faces.
Though all of us live in the same world, breathe the same air and drink the same water we are not equal. We do not look at each other equally. Money, wealth, education, job, behavior as a consumer are some of the factors that determine the position of an individual in the society. There are economic differences because of the same. Nobody is ready to fight against this social disparity and are learning to live with it. As long as this economic disparity exists, the inequality struggles of poor will exist.
Growth in technology:
Technology is not a bad thing as long as we know what is happening around. But today the growth of technology is unprecedented. The growth of technology is very much humongous that we are not able to cope with the differences that technology is giving us. While one sector is still enjoying the perks of the developing technology, many others don’t get to know where the world is headed. People on one end bless the growth of science. On the other hand, people are still facing different health problems that can’t be cured. They are still struggling to cope with their medical conditions. The growth that we see in today’s technology will go pointless if it doesn’t reach the hands of the commoner.
Illiteracy is the cause of all other troubles and differences that we face in society. Lack of knowledge reduces your earning capacity, and lack of earning capacity keeps economic disparity alive. In a lot of developing countries they problems of illiteracy have gotten to a different form. The government is finding it hard to spread education to the nook and corner of the country.
People are yet to understand the importance of education and the need for it.
This is the reason why people are not trying to get themselves educated.
Though the situation is changing in the present times, they do not seem sufficient.
Unemployment is one of the biggest problems of our economy. In most cases, we believe that the unemployment is a situation only in the developing and the under-developed countries, but strong traces of unemployment are also in developed countries. When we talk about unemployment, most of us fail to understand what real unemployment is. Before we see the effects of unemployment on the economy, let us see what unemployment is.
What is unemployment?
If you are under the impression that unemployment is the state where people do not go for employment, then you are just like a lot of people out there who misunderstood the term. If a person is not employed and isn’t looking for employment, then he wishes to stay unemployed so that can’t count as unemployment. Unemployment is a situation where the educated people who are looking for a prospective job and are willing to work do not get a job. That is what you call unemployment.
There are different types of unemployment. Even an employed person will fall into the unemployed category if he either under-employed or has fallen into the clutches of disguised unemployment. So what are these terms? When a person doesn’t find a suitable job, he settles for anything that comes his way. He works at a place for meager employments deserves better salary but is still earning less due to lack of employment opportunities. On the other hand, you get a job where there are already adequate people employed. So if a job requires 3 men and you go in there as the fourth guy, you are probably doing nothing. This is because that job requires only 3 men, efficiency is when that count reduces to 2 and not to 4. This is disguised unemployment.
Effects of unemployment:
Society can function well only if it comprises of people who are in an equal position or else they simply stop to coexist. This the first problem with unemployment. Human beings are dependent on each other to fulfill our social and economic needs, but due to this economic disparity, the society ceases to function.
Unemployed people will not have adequate funds to function in this economy. Though they have their demands and needs to be fulfilled, they will not be able to meet it, due to the insufficiency of funds. So demands aren’t met.
If you are not trying to meet your demands, it reflects that your purchasing power is probably less and it takes a toll on the economy for sure. Because if the purchasing power of every unemployed individual reduces and stops at a point, there will be no one to purchase or at least we will be left with very less number of individuals who can buy and balance the production of the nation. But that will not provide the government with the necessary income.
Unemployment also increases crime rates in the economy. What you need is what you call your virtue. So when need increases and your sources decrease, it results in crime where the needy take what they want.
This means unemployment, if not nipped in the bud, can ruin the whole economy and disrupt its functions.