Mika
VIP Contributor
Unemployment is a major problem everywhere. In the United States, the current unemployment rate s 5.5 percent, whereas in India it is 7.9 percent. The world’s highest unemployment rate is in Burkina Faso (77 percent), Syria (50 percent), and Senegal (48 percent). The data is provided by statista.com
In the countries where there is a low unemployment rate, the government may not be required to do anything as unemployment is mostly related to immigration; however, in the countries where unemployment is very high, governments need to create work opportunities to curb unemployment, for example, the government might launch a business and the business will create a lot of job opportunities. Governments can establish industry to create work opportunities for their citizens.
There are two benefits of creating businesses and industries, one they will boost the economy, two the citizens will be employed.
In the countries where there is a low unemployment rate, the government may not be required to do anything as unemployment is mostly related to immigration; however, in the countries where unemployment is very high, governments need to create work opportunities to curb unemployment, for example, the government might launch a business and the business will create a lot of job opportunities. Governments can establish industry to create work opportunities for their citizens.
There are two benefits of creating businesses and industries, one they will boost the economy, two the citizens will be employed.