Thursday, November 21, 2013
Who's got the highest (and lowest) unemployment rates?
http://www.cnn.com/2011/WORLD/asiapcf/07/14/world.comparison.unemployment/
Qatar 0.5 December 2010
Thailand 0.5 May 2011
Singapore 1.9 March 2011
Vietnam 2.6 June 2011
Switzerland 2.8 June 2011
Malaysia 3 April 2011
South Korea 3.2 May 2011
Norway 3.3 March 2011
Hong Kong 3.5 May 2011
Denmark 3.8 April 2011
This is a graph showing the top lowest unemployment percents in the world by country. As you may notice, most of these countries are in south east Asia. According to George T. Haley "One reason why the unemployment rates in those countries are low is because they're starting to get a lot of investment that used to go to China." China is in a state of high inflation which is causing China to be out resourced. Accuracy, on exact percentages, are slightly off due to how each country defines their unemployment rate; each country defines it differently. You also have to take into consideration that not all countries that may be on this list are on the list. These statistics are from December 2010.
I think part of the reason Asia has a low percentage is because of the type of government they have. Most are in the communist republic type of government. Most communistic governments have lower unemployment percentage rates since almost everyone is forced to work otherwise they would be living on the streets. Another reason for this would be their low pay. Most have an average income of around $800 which is extremely low. I believe the reason for our unemployment rate being so low is the laziness of our country. Sure the US overall efficiency may be the highest it's been in a long time; however i believe that's simply to the advances in technology we are taking advantage of. If we worked just as hard as the people in Asia we could have a much lower unemployment rate.
Wednesday, November 20, 2013
"Why young people are saying 'no' to the workforce"
http://money.cnn.com/2013/10/22/news/economy/young-workforce-delay/index.html?iid=SF_BN_River
The Bureau of Labor Statistics is showing statistics of an all time low of people aged 20 to 34 in the work force. Less than 78% of people this age are working or looking for work. According to CNN that's "down from the peak of 83% in 2000, and the lowest since the 1970s." Many businesses have a "last-in first-out" policy for newer, younger workers. This is hard on young people who are looking for jobs. The generalized reason for this unfortunate all time low is obviously the current state of our economy. However, this isn't the only reason for the low percentage. It used to be hard to achieve middle class income level with a high school diploma, in today's world it's getting more difficult to achieve middle class with a 4 year bachelors degree. What this means is young adults are staying in school longer which is the other reason for the low percentage.
I personally think this could be potentially a positive outcome. If you think about it, if more kids are spending more time in school, that would account for an overall long run benefit. I also like the idea that more people are going into college so colleges will be more competitive when accepting students which would make kids work harder to get into a decent school which one then lead to another long run benefit of an overall more proficient nation possibly? I know that sounds a little crazy but it adds up. I also read that colleges are constantly upping their tuition fees which i don't like. Colleges are making plenty of money to begin with and i don't see a major reason to raise tuition costs unless there's a legit reason.
Friday, November 1, 2013
What to Do If You Lose Your Job
http://money.usnews.com/money/blogs/outside-voices-careers/2013/10/21/what-to-do-if-you-lose-your-job
"The Bureau of Labor Statistics show that more than 11 million people are currently unemployed." Apparently, a shorter term lay off can actually be a benefit to some poeple. Sander Flaum, the CEO of global advertising and consulting company, wrote a book called "The Best Thing That Could Ever Happen to You: How a Career Reversal Can Reinvigorate Your Life." This is a book specificly on unemployment that explains how to turn being fired into a successful future in 5 steps. These five steps are as follows: 1) avoid self sabatoge; this is basically telling unemployed people to keep their heads high and to stay confident. 2)Bump up your brand; saying that no matter how tough the economy is, there are ways to stand out and apply yourself to other jobs. 3) Recruit recruters; IF you apply yourself and constantly pest job recruters, it will be obvious that you want to work making it easier to get a job. 4) revise your resume; add more personal things to your resume but be sure to make they're professinal qualities of yourself, this is a huge plus to job recruiters 5) remember references; fidning a job alone is kind of hard, if you have a ton of references, you will be more known which could also increase the chance at a job.
First of all, I dont see how unemployment can really be looked at as a good thing but i do find it very appealing to see these steps that people could take to find a job. It's great motivation for those people who are currrently unemployed. This article isn't directly an unemployment article but i found it to be interesting and eye opening. If more people would look at motivation like this, and apply themselves, im sure our unemployment rate percentage could be lowered.
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