Articles on Unemployment

What is Unemployment ? – Definition of Unemployment

The detailed study of any subject must always start by understanding the definition of the subject at hand. This is...

The Downward Spiral of Unemployment

Unemployment is a highly talked about economic term in the modern economic world. Not a day passes by when we...

The definition of unemployment provided us with some insight as to how the statistics are different than what an uninformed...

Calculation of Unemployment: Example

We are now aware of the basic steps involved in the calculation of unemployment rate. We now know that there...

Minimum Wage Fallacy

Most developed countries in the world have a minimum wage act. This means that there exist legislations in those countries...

What is the Ideal Unemployment Rate ?

Unemployment is considered to be one of the biggest social evils that is affecting our lives today. Its economic impact...

The Discouraged Worker Flaw

In this article, we will explain the first and probably the largest flaw in the calculation of unemployment rate i.e....

What is Employment ? – Definition and Its Fallacies

In the previous few articles, we were studying about the definition of unemployment. The idea was to understand in a...

Frictional Unemployment – Definition, Causes and Cure

There are different types of unemployments which do not arise from the same cause and do not have the same...

Structural Unemployment – Definition, Causes and Cure

In the previous article, we studied about frictional unemployment. We understood as to why frictional unemployment is a temporary situation...

Cyclical Unemployment – Definition, Causes and Cure

In the previous two articles, we studied about frictional and structural unemployment. They can be considered to be the mild...

Mechanization: A Boon or a Bane

Apart from minimum wages, another hotly debated economic issue is that of mechanization. Mechanization has been demonized by many critics...

Government Spending: A Cure for Unemployment

All over the world, governments are held accountable for the unemployment rates prevalent in their country. It is as if,...

What is Shadow Labor ?

Shadow work is not an official term that has been coined by mainstream economists. Instead, it is a term used...

Why Increasing Employment is a Faulty Goal

President Trump has been trumpeting about the benefits of a policy that increases employment. His policy is centered on creating...

What is Seasonal Employment and How to Manage it ?

What is Seasonal Employment ? The term seasonal employment refers to the practice of workers and professionals finding work during...

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Articles on Unemployment