The Consequences of Job Lacking

In our article, we define the danger of job absence and its results for the social and economy life.

The Results of High Rate of Unemployed People

For future writers of essays, it is very significant to know that joblessness is an essential tool for the labor market. Its functions are to preserve part of the workforce, to ensure sectoral and spatial motion of capital and labor in the various periods of business activity; to promote fruitful employment and competitive ability of the workforce; to provide possibilities in order to change activity for working people and so on. Research on this can easily be done by https://writingpaper.org/ for you in case you decide to get custom essay. Meanwhile, take a look at the following general info.

On the one side, joblessness is used to be a significant stimulant of activity of the working population. On the other side, it is a great public calamity. The specialists of the International Labor Organization predict that in a few years the world’s level of joblessness will reach in average 10% and all countries will not have a possibility to eliminate it completely.

Socio-Economic Consequences

Simultaneously, a joblessness creates not very positive social influences and economic outcomes, which include:

  • Underutilization of the economic potential of society and the workforce;
  • Underproduction of GDP, lagging of its actual rate from potential one;
  • Loss of professional skills, self-esteem, moral degradation of ones having jobs;
  • Reducing (decreasing) of earnings, deterioration of living conditions;
  • The increasing quantity of nervous and mental disorders and committed suicides;
  • Social shocks, increasing amount of crimes, breakup of families;
  • The need for additional social costs (expenses) related to the support for the unemployed.

Results for Various Categories of Workmen
Joblessness has unequal outcomes for different categories of workers. Yes, the level of absence of employment among administrative personnel is lower than among blue-collar positions’ holders. The first ones are also less fired during the downturn than the last ones. Enterprises are less likely to fire skilled personnel because they have spent some money on their training.

There is a significantly higher level of joblessness among young people compared to grown-up people. In some countries, there is a discrimination against women, certain nationalities, and races.

Cyclical Joblessness Results
The cyclical joblessness also has the profound social results. The depression condemns a lot of people to inactivity. That leads to the loss of professional skills, loss of self-esteem, the decay of moral values, the breakup of families, as well as to the social and political riots.

Mass Joblessness Consequences

Additionally, mass unemployment leads to fast and sometimes very violent social and political modifications. A sample of these significant turns is Hitler’s rise to power under the circumstances of absence of employment. Joblessness has a direct connection with the increasing amount of suicides, murders, and deaths from cardiovascular diseases, mental illnesses and so on.

As a conclusion, it is possible to mention that because of the not positive socio-economic results of job lacking, there is the need to realize the state employment policy and to form the relevant labor market institutions.

The Causes of Joblessness on the Economy

There is no need for us to measure the consequences of absence of employment on the economy only from the negative side. Joblessness has constructive and destructive functions.

The constructive impact of joblessness on the economy

The destructive influence of joblessness on the economy

Contributing the effective business and rivalry on the labor market.

 

The adapting of employees to the requirements of the labor market.

 

Affording mobility of resources in time and space. Reservation of labor force in different in order to use them later.

 

The free will of the employee on a break in economic activity on the purpose of work changing, etc.

 

Natural regulation of supply and demand of labor in the territorial, sectoral, occupational and qualifying aspects.

Each percentage, which surpassed the actual level of joblessness over the natural one, reduces GDP by 2.5%. Decreasing of earnings and tangibles of society.

 

Expansion amounts of negative psychological tendencies in society.

 

Disturbing the public peace.

 

From the information, which was said above, we can conclude that the economy undergoes mainly constructive impact because it works in the conditions of the natural level of joblessness. Moreover, the joblessness degree mainly has disastrous consequences on the economy that surpasses the natural rate.

Okun’s Law

The first attempt due to mathematical calculations to find out the impact of absence of employment on the gross national product volume of the country was made by the American scientist Arthur Melvin Okun. He brought the law according to which the annual increase in real GDP by 2.7% maintains joblessness rate on the constant level. Any additional two percent of real GDP growth decreases the joblessness rate by one percentage point. Similarly, each additional decrease in GNP growth by two percentage points causes a growth of joblessness rate by one percent.

This law implies that a certain amount of GDP growth is needed in order to avoid the possibility of joblessness rising. Within the expansion of working population and work productivity, it is needed 2.5-3% of annual growth in real GDP for job places creation, which is able to keep joblessness at a certain level.

American researcher Arthur Melvin Okun proved the existence of the connection between joblessness rate and changes in GDP volume. In accordance with the Okun’s law, the raise of actual joblessness rate above its natural rate by 1% leads to GDP reducing by 2.5% compared to its potential level.

This relationship between joblessness rate and GDP volume makes it possible for us to calculate the absolute loss of manufacture associated with any joblessness level.

For those who are going to write an essay, it is very important to note that the actual volume of national product can sometimes exceed the amount of potential volume. In such case, additional changes of workers are involved in the production, capital equipment is used in excess of the standards, and overtime work and moonlighting become commonplace, etc.

Okun’s Law gives possibilities to determine the normal joblessness level, which was said above, increases due to the development of the market economy. So, the natural joblessness rate in the US was determined by 4% in the 60s and 6-7% in the 80s. In other countries, it may be lower because of decreased salary and mobility of labor market.

Getting Satisfied with the Job

There are many people not being satisfied with their jobs. Still, there is the way to get satisfaction from any job. You just need the right approach.

How to Get Satisfaction from the Job?

Almost every person wants the same: to have a job, that brings satisfaction and to get enough money for it to allow themselves to rest, plan the future and refuse nothing. Things don’t always go that way in real life.

You can be satisfied with the salary level, but the job itself can seem boring. Or the job brings you lots of joy and happiness, but you  don’t earn enough with it, and you lose motivation a bit later as a result.

So, what do you need to do in order for your job to start bringing you satisfaction?

Find Out What You Are Working For

There are three approaches towards one’s job: work, career, and  passion. Depending on your choice, satisfaction level can vary significantly.

  • If you work because of work, your salary is your only motivator. That is why your income level determines whether you stay on a current place or you leave it.
  • If you work for career, then you are always “tuned” for promotion. Your satisfaction comes from the feeling of status, power and position.
  • If you work because of feeling extremely passionate about your profession, then the job itself is your motivator, not depending on salary level, prestigeor career.

Of course, your approach can be combined: you may work because you like your job and get a good money for that. Still, you need to find out what factor is the dominating one in order to meet your own expectations.

What Influences the Job Satisfaction?

There are seven components:

  • Self-consciousness;
  • Challenge;
  • Diversity;
  • Positive attitude;
  • Knowing your variants;
  • Balanced lifestyle;
  • Purposefulness;

Let’s take a closer look on to every component.

1. Self-Consciousness

First, you need to understand who you really are, and what advantages and lacks you have. Of course, your skills are worth improvement, but concentrate on your strengths first.

If is extremely difficult to get satisfaction from your job if you can’t or have not enough skills to do it well. This leads to a bad mood and even depression.

Determine your values and motivating factors. What do you want to achieve in your life? What makes your heart beat faster if to speak about your job? What salary can  satisfy you so much  that you won’t think about it and will concentrate on the job only?

2. Challenge

Even if your job is not about challenges, you can  think them out on your own. For instance:

  • Set your personal standards. Try to beat your own speed or quality records. Maybe, this won’t influence your salary level, but will bring game elements into your working routine.
  • Teach other people. This is a serious challenge for you, because it is difficult to explain the others things that you understand intuitively or do automatically.
  • Take a new responsibility: this will give you the opportunity to test yourself on a higher level.
  • Start doing a new project that will require you to learn completely new skills.
  • Make a personal development your habit: attend courses and seminars, read new books. Get new knowledge everyday.

3. Diversity

Diversity is what kills boredom. When the person is bored, their motivation, interest and enthusiasm are equal to zero. Here are some ways to deal with boredom while being at work:

  • Learning new skills;
  • Asking about transfer to another department;
  • New task request;
  • Teamwork;
  • Long-term vacation;
  • Try changing your routes or afternoon break if you have a routine job;
  • Change position of things on your desk, add things you like.

4. Positive Attitude

A human can’t change reality fundamentally, but they can get a certain attitude towards bad and unpleasant events. If you are nervous or depressed, there can be no talk about satisfaction you’re your job. Unpleasant moments will happen at any job, that is why the positive attitude towards troubles is extremely important.

  • Delete negative thoughts;
  • Change negative thoughts to positive;
  • Put past day events into a right context;
  • Don’t let mistakes stop you;
  • Know that mistakes are chances to become better;
  • Become an optimist.

5. Knowing Your Variants

When you feel yourself trapped, it’s easy to become worried. You think you are in a dead end, and there will never appear any light. When you feel that you’ve got variants and  possibilities, you get the feeling of control upon your life. When you don’t have any alternatives, you feel unhappy.

  • Provide a list of your achievements;
  • Refresh your CV;
  • Be aware of new trends in employment;
  • Provide a research upon new professions that might interest you.

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6. BalancedLifestyle

When you concentrate on your job only, other aspects of your life start “lagging”. As a result, you can’t think about the job because your mind is busy with completely other thoughts: about family, health and  relations.

7. Purposefulness

This skill will let you deal with even the most boring job ever. If you know your goals and understand how to achieve them, you’ll understand temporary difficulties. Understand, that the way to success is always very complicated, but if you’ve got your purpose and discipline, then you’ll achieve anything you wish.