Australia's Policies: The Effect, Implication For Social Justice And Equity In Austrlia
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Unemployment happens to many people and can be a stressful, depressing and guilt ridden time of life. Understanding and promoting awareness of the consequences of joblessness for individuals and the community is important in order to mobilize societal commitment to tackle the problem, and to guide the policy responses that are made to it. The effect of unemployment on individuals may vary according to a wide range of factors, such as financial resources, socioeconomic status, age, gender, marital status, duration of unemployment, previous employment experience, and ethnicity.
Unemployment is a meaning described a situation or condition where worker within a society are jobless to maintaining their income. In economic studies unemployment statistics measure the condition and extent of joblessness within an economy. (Kryger Tony, 2007). And the major factors which influences the unemployment are varies from Frictional Unemployment, when moving from one job to another, the unemployment temporarily experienced when looking for a new job. The Structural Unemployment caused by a mismatch between the location of jobs and the location of job-seekers. "Location" may be geographical, or in terms of skills. The mismatch comes because unemployed are unwilling or unable to change geography or skills (lack of education). The Cyclical Unemployment, where there is not enough aggregate demand for the labor. Caused by a business cycle recession. Technological Unemployment, caused by the lack of education, replacement of workers by machines or other advanced technology. The Classical Unemployment when real wages for a job are set above the market-clearing level, commonly government (as with the minimum wage) or unions, although some suggest that even social taboos can prevent wages from falling to the market clearing level. And Seasonal Unemployment, when an...
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