Monday, November 25, 2019

How to solve the unemployment problem

Many countries have high unemployment. This problem is worse for youths. Many countries face the challenge of a high level of youth unemployment.

A higher level of education does not solve the problem. Indeed, many graduates are not able to get jobs.

What is the solution to provide adequate jobs for all citizens, including the first time job seekers who have completed their education?

Be prepared for a surprise. The solution is - central planning.
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2 comments:

Anonymous said...

A good government should not impose heavy taxation and use the money to give lavish benefits which they assume are popular with voters. In the view of many business people, it would be far better to leave the money with them. They can use it to open new businesses to create employment. This also ensure economic growth which will benefit the country and people. Jobs should not be confine to Grab and Food Deliveries.

Anonymous said...

Tax here and there, profits become very low, so staffs are paid low. It becomes a domino effect where they lack motivation to work and businesses suffers from the services and high staff turnover. Businesses start closing down all because they love the smell of tax. Anywhere where the felt some people earning money they need to put their hands in. The reason why salary stayed stagnant.

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