Negative Effects of Unemployment
The negative effects far outweigh the positive effects when it comes to the impact unemployment has on society and the individual as well.
Not Enough Money: This is one of the adverse effects on the individual. Everything in the world costs money. If there is no source of income, you're going to have to settle and go without. If an unemployed individual has a family, it's difficult. Sure, there are unemployment benefits, but they aren't going to pay for extra things to do with your family and travel to new places.
Health Issues: This is another individual negative effect, but an important one. Being unemployed can lead to depression, low self-esteem, anxiety and other mental health issues, especially if an individual truly wants a job but can't find employment. Tension can occur, causing stress and strain on the body.
Economic Issues: During unemployment, there is no income, which leads to poverty. The burden of debt will increase, leading to economic problems. When there is unemployment, the state and the federal governments have to step in and pay unemployment benefits. By needing to pay more of these benefits, the government must borrow money to pay the benefits or reduce spending in other areas.
Social Issues: Many crimes are committed by individuals who are unemployed and living in poverty. When unemployment rates increase, crime rates tend to rise. According to the study in the Journal of Quantitative Criminology in 2016, individuals who are unemployed for socially unacceptable reasons and don't wish to seek out job opportunities are more likely to engage in burglary or robbery.
Answer:
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Objective well-being
Many countries and private institutions are interested in knowing the well-being of their member constituents. Higher levels of objective well-being are usually characterized by higher educational attainment, safe neighborhoods, as well as economic sufficiency and stability, for instance.
