Causes Of Unemplowment

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Causes of Unemployment Unemployment is a terrible thing, and it can strike anytime, anywhere and anyone, even you. Unemployment is when there are people in our society who desire work but are unable to obtain it because of the fact that there are not enough jobs for everyone. There are many causes of becoming unemployed. The three major reasons people become unemployed is because they are uneducated, companies downsize, and also companies outsource their work. In this day and age, to get a good paying job, you have to go to college and get a degree. That was not the case back in the day. Sometimes you could get a job right out of high school. My dad is an electrician and when he graduated high school he got a job working with his brother at a construction site. They asked him to run wires and other stuff. After doing that for a couple years he opened his own business with his old time friend Tim. After a few years he almost got let go because he did not get the right training, so he had to go back to school. Now he has had this job for 25 years and still counting. Another cause of unemployment is the slow economic times, which cause the companies to downsize. Downsizing is when companies have let workers go because they are not making enough money to pay them. This has been happening allot due to people saving money for important needs rather than necessities. Contractors who build houses have been losing money because families cannot afford to buy a new house. So the contractor does not make any money if they don’t sell the house and they could also lose money. If they are not making money they will go bankrupt, and they will have to down size their company to keep themselves afloat in this modern economy. Also due to the poor economic status companies now have to outsource their work to India or China. This is taking jobs that Americans should have but they
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