Question

Over and above economic problem, unemployment is also a serious social problem. Explain.

Answer 1

An unemployed person is economically dependent on others.

• Since he does not earn he cannot spend. This reduces the sale of goods in the market which then decreases production, economic growth and consumption.
• An unemployed person cannot live in society with dignity. Such people lose motivation and vigour to live a good, healthy and successful life.
• In many cases such people even turn to theft, robbery and other crimes to earn their respect and money. This disturbs the social set-up.
• Hence, the problem of unemployment may not only restrict to an economic problem but may also lead to social, ethical and political problems.