Elaborating on how to increase the employment rate, might give more answers with considerable effect on unemployment reduction.
Unquestionably, unemployment consequences extend beyond our personal spheres. It is a phenomenon with a greater impact, pertain to the economic and social realities.
How to Increase the Employment Rate: The Parameters
Employment rate represents the analogy between the employed population and the working age population within a context. It is a significant factor with a decisive role in the economic cycle of a region or a country.
This indication is intertwined with the context’s pertinent economic policies, along with the extent of assistance they provide. The latter’s efficiency outcome is reflected on the employment rate correspondingly.
The answer on how to increase the employment rate, can be found to parameters with determinant influence on this indication. These parameters are:
- Employment policies supporting women and underprivileged populations.
- Policies pertinent to income support.
- Higher education of governments.
Moreover, the employment rate depends on other aspects linked to the examined context, such as the culture etc.
Consequences of Unemployment
Low employment rate equals to untapped labor force of a region. Hence, any potential for productivity, which could be conducive in the social and economic frame, goes to waste. As a result, unemployment compromises the context’s social and economic aspects.
Unemployment entails leading a life of low-quality prospects, both on individual and collective level. Such conditions can result health challenges and can instigate violent incidents, which can be undermining factors to social cohesion. Furthermore, financial austerity creates a dependency between unemployed and working people, which can be pressuring for the latter population. Another repercussion is that limited financial resources come with diminishing purchasing power, which impacts the context’s economy.
In conclusion, the employment rate portrays the employment conditions met in a certain region; and its overall wellbeing is congruous to this index. Therefore, the development of inclusive and efficient economic policies pertinent to the context’s circumstances, is a conducive parameter to its prosperity.
The M.O.T.H.E.R. strategic partnership invests in the exploration of youth employment opportunities, as a response to the unemployment phenomenon; and, as an acknowledgement of its contribution to sustainable development.
Learn more about this Erasmus+ project, by visiting M.O.T.H.E.R. official website.
Author: Katerina Pariza – iED Team