I can understand why in undeveloped ones, but doesn’t unemployment in a developed country mean “everything is covered we literally can’t find a job for you.”?
Shouldn’t a developed country that indeed can’t find jobs for its citizen also have the productivity to feed even the unemployed? is the problem just countries not having a system like universal basic income or is there something else going on here?
In: 1275
from a systemic point of view:
Educated unemployment is a sign of economical stagnation since in a healthy economy, even if growing slowly, that growth requires more workforce to take on the tasks.
from a state-wise point of view:
The higher the unemployment, the more money spent on sustaining unemployed, the less money invested that could create more job opportunities.
from a academic point of view:
The higher the unemployment on educated fields, the more young educated specialists will leave for other countries, creating a brain drain that could damage future growth and development plans.
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