#Discussion Consequences of Unemployment in My Country

Consequences of Unemployment in My Country

Personal

During the financial crisis in 2008, some of my friends in Taiwan who work in the banks lost their jobs. Although they have excellent job skills of being work at the banks, they still being fired in that period of time. They started to reduce their spending and finding lower-income but much more stable jobs such as working for the government. The competition of government labors interview increases dramatically and many highly-educated individuals tended to accept lower-paying, less-attractive jobs below their skill levels. You can see many people who have master's degrees working at the positions that just need a high school diploma. The cost of higher education is not so cheap at that time, but it seems like they don't care about what they really want to do or what really makes them happy. Why did they need a higher education if they just wanted to be a bartender? I'm meaning that being a bartender is a bad thing or something like that, but the point is the opportunity cost of doing this job might alter your future to another field.

Social

Of course, the social consequences of prolonged unemployment can be significant. During the financial crisis in 2008, my father's food manufacturing factory fired lots of labors. When they lost their jobs, they protested at my father's factory and office. I told my father not to sue them for their protesting behaviors because unable to go through the crisis is also the responsibility of my father. Imagining that if the protest spread to the citizen level, the consequences can be much worse. When you get hurt, you need more instructions for your body to repair. But virtually, it is hard to do it while you are losing your job. And it's really a bad cycle because if you can not work unit you get well. Unemployment can be even worse if the labors just can not get back to work.

The government should play to reduce negative consequences? 

The government of my country was facing a big challenge during the crisis of 2008 while politicians are seeking opportunities to increase their exposure and supporters. In my opinion, the government should do something to reduce the negative consequences of unemployment. A truly rich country always has a lot of rich citizens not just the government get rich because their wealth is also from the people in the country. 

But don't misunderstand my meanings, the government has to repair your fishing rod not just keep giving you "unhired-fish" for you to eat.