Q:

How do you solve unemployment?

A:

Quick Answer

Solving unemployment may include decreasing unemployment benefits, getting rid of minimum wage, increasing work benefits and insisting all people get a job. Germany did all of this and experienced a sharp decline in unemployment.

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Full Answer

In 2003, Germany used the Hartz reforms to work toward solving their unemployment problems. They took away the incentives people had to not work and increased the incentives to work, even at a low-wage job. In the United States, the rate of unemployment among those of the millennial generation is in the double digits. This also rings true for those without a college education and those with a 4-year degree.

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Related Questions

  • Q:

    How can we solve the unemployment crisis?

    A:

    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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  • Q:

    How do food stamps work?

    A:

    The Supplemental Nutritional Assistance Program (SNAP), also known as food stamps, helps people with low income buy healthy food. The U.S. Department of Agriculture Food and Nutrition Service oversees the program, and each state administers benefits through local offices.

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  • Q:

    Can I collect unemployment benefits in Massachusetts if I was fired from my job for not being a "good fit"?

    A:

    According to the Massachusetts Executive Office of Labor and Workforce Development, it is possible for people fired for poor performance to receive unemployment benefits in Massachusetts. However, terminations resulting from abuse of company policies or willful misconduct may result in ineligibility for unemployment.

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  • Q:

    What are some factors that affect unemployment in the United States?

    A:

    Some factors that affect unemployment rates in the United States include the demand for goods and services, availability of unemployment benefits, and availability of skilled workers, states the Congressional Budget Office. When demand for goods and services decreases, businesses do not need workers, which results in increased unemployment rates.

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