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This paper discusses unemployment and demonstrates the negative impact it has on American society. The paper explains that high unemployment rates frequently result in increased crime, poverty, poor health standards, substance abuse and a lesser quality of life. The paper also relates that there is a proven negative impact of unemployment on an individual's self-esteem and on family and social relationships. The paper stresses that while the U.S. unemployment rate is significantly lower than it has been in previous years, unemployment is still a major social issue and it is for this reason that unemployment is a central issue in economics.
From the Paper:"Unemployment is a major social risk all over the globe: losing a job or not being able to find a job is a frightening and threatening situation and the damage goes far beyond the loss of income (Mather, 1998). Unemployment has a proven negative impact on self-esteem and often negatively impacts family and social relationships. In general, being unemployed reduces a person's standard of living both directly and indirectly. Loss of income reduces ones earnings and impairs his or her ability to fully enjoy life and a sense of well-being. Therefore, even with unemployment assistance, individuals and families suffer from unemployment in many ways."
Cite this Term Paper:
Unemployment (2006, December 13) Retrieved March 05, 2024, from https://www.academon.com/term-paper/unemployment-75503/
"Unemployment " 13 December 2006. Web. 05 March. 2024. <https://www.academon.com/term-paper/unemployment-75503/>