Unemployment in Europe Essay Example for Free

Unemployment in atomic number 63 EssayUnemployment is the state of existence jobless or else being without an occupation and you rich person looked for a job without success. You should also be willing and ready to work if given over a chance. Lack of occupation is a severe problem not only in Europe but in only corners of the world. People who are un occupied are seen as a financial obligation to the society. This is because people with no jobs or other comes of income are always seen as dependent on their colleagues employed with financial stability. The slothful find it difficult to live up to their basic needs.Unemployment in Europe and measures sic in place Technological change and expansion in international trade has sternly bear upon employment adversely. As technology advances much people are n being left slothful while others who were formerly employed being laid off. This is referable to the fact that modern technology aims at reducing the cost of manpower by availing machines that are more productive than a group of people. The uneducated personnel are replaced with more skilled employees in a bid to compete effectively in international trade.High levels of unemployment may result in social problem like crimes, prostitution among others. The unemployed will seek other sources of income as the disposable income they used to get before reduces or is on the whole not available. During the unemployment period the workers also stand their skills and have the fear of their jobs being taken up by people from foreign countries. The problem of unemployment is being curbed by limitting in place policies and measure that treasure employees.Such measures include extending employee benefits during recession to cover a longer time frame. It is also illegal in some countries to fire more than twenty employees without following some legal processes. The governments in Europe and ground forces help the unemployed through the social welfare prog ram where they get benefits such as amends and subsidies. Most of the people who lose jobs are either unskilled or low performing. Once they lose their jobs it is normally hard to get back their jobs as their positions are taken over by more skilled and much productive workers than them. Saudi Arabia is a prime market for foreign business and investors due to the following reasons. First of all it is an oil producing country with vast deposits of petroleum products among other natural resources and minerals. Saudi is well known for its effort in fighting stabilization of petroleum products. Foreign investors are attracted by the huge deposits of minerals which they go to exploit. Mineral exploitation has always been known to be a highly juicy business in which everyone is interested in.The oil products also provide a cheap and reliable source of energy and fuel for the industrial machinery. Saudi Arabia also has a sound economy with a agile growing young population. The populatio n provides cheap stab for industries in the region they by lowering the labor costs for investors. The banking system is well managed and transparent. This gives the investors assurance that their money is in good custodian. It also provides incentives to investors especially targeting to put up new manufacturing zones in the area.Financial advices are also offered to ensure that investors funds are right on used and managed to avoid investing in unworthy businesses. Conclusion High levels of unemployment will always have adverse effects to the unemployed, general public, employer and even the government. The unemployed suffer psychologically while the society is approach with crimes and the government faces economic hard times as the unemployed depend on them. To conclude all stake holders should ensure that they minimize the number of people unemployed in the country.