Question

Four strategies to overcome unemployment

Answer 1

Four strategies to overcome employment are as follows:

1. Education and training
2. Reduce the control and power of the trade union
3. Employment subsidies
4. Improve the “labour market” flexibility

Further Explanation:

There are various strategies for overcoming employment, which is as follows:

1. Education and training- The main aim is to give the “long-term unemployed” new skills which help in finding jobs in the industries especially developing industries.
2. Reduce the control and power of trade union- If the influence of trade unions will be reduced then it will help in solving the real wages employment.
3. Employment subsidies- Firms can be given tax subsidies or breaks for taking on “long-term unemployed”.
4. Improve “labour market” flexibility- Increase in ‘labour market’ flexibility can cause an increase in ‘temporary employment’ and ‘greater job insecurity’.

Learn More:

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Answer Details:

Grade: High School

Chapter: Unemployment  

Subject: Social Studies

Keywords:

education, training, trade union, employment, industries, subsidies, labour market, job security

Answer 2

1. Encourage entrepreneurship. People can start their own businesses and eventually employ other people.

2. The government should invest in developing industries. This would create more jobs.

3. Education should be made cheaper. The quality of education should also be increased, so that once young people graduate, they have higher chances of getting employed.

4. The government should partner with private companies to create more job opportunities for people.