Measuring economic - Costs of Employment

6 important questions on Measuring economic - Costs of Employment

What happens to wages and production when people are unemployed?

When out of work, individuals stop earning money and businesses produce less.

How does unemployment affect tax revenue and government spending?

Unemployed individuals pay less tax, causing higher government spending on financial support.

What is a psychological impact of long-term unemployment?

Long-term joblessness can negatively influence a person's self-worth and confidence.
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How can income drops lead to family issues?

Decreased income can create tension at home, affecting family planning for the future.

What social issues can arise from high unemployment?

High unemployment may lead to increased crime and social unrest within communities.

What types of public resources are impacted by unemployment?

More social support is required, including job training and welfare programs.

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