Q:

How can we solve the unemployment crisis?

A:

Quick Answer

Ways of solving the unemployment crisis are many, and some of them include reducing the benefits of the unemployed, increasing the work benefits, getting rid of the minimum wage and encouraging those who are not employed to take any job. Germany adopted this kind of approach to solve the unemployment crisis in the country, and the rate of unemployment drastically dropped.

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How can we solve the unemployment crisis?
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Full Answer

Raising the wages of the employees whose pay is low encourages many people to take any type of job. On the other hand, reducing the wages of the lowly paid employees raises the rate of unemployment.

Many companies have employment vacancies, but the main problem they are facing is the lack of an experienced labor force. Retraining employees is a good way of acquiring a skilled labor force. However, even though it is difficult for the retrained employees to get hired in different industries, retraining helps in creating jobs in that particular line of specialization.

Another major cause of unemployment is the lack of hands-on experience. Though going to school plays a major role in solving this problem, it does not exclusively eliminate it. A nationwide apprenticeship program would be a better way of curbing the problem whereby willing companies are allowed to train apprentices in new skills suitable for the job market.

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Related Questions

  • Q:

    How do you apply for unemployment benefits?

    A:

    To apply for unemployment benefits, find out if you are eligible, gather all the needed documentation and fill out and return the application. Begin looking for a job to maintain your eligibility for benefits.

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    Who qualifies for unemployment benefits?

    A:

    According to the Department of Labor, unemployment benefits are offered to workers who are unemployed due to no fault of their own and that meet other requirements as listed by their state law, such as time worked or earned wages. Each state has a different set of requirements for a worker to become eligible for unemployment benefits.

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    What benefits are included under partial unemployment?

    A:

    While details vary from state to state, many states have partial unemployment payment benefits for those who, through no fault of their own, cannot work a sufficient number of hours. Pennsylvania, Connecticut and New Jersey provide financial benefits to the partially unemployed with amounts determined by those individuals' weekly earnings.

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    Can you file for unemployment benefits online?

    A:

    The requirements for filing for unemployment benefits vary depending on the area in which the individual files, but most states allow for filing online. Individuals can usually file for benefits on the website for the department of labor of the state in which they most recently worked.

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