The risk of unemployment
There is no doubt that unemployment is one of the most serious global risks. Some people point out that the current global unemployment rate is very low and we do not have to worry about it, whereas others disagree. From my personal view, I strongly agree that we should look for solutions for unemployment because it could be harmful to our society for the following reasons.
The first and most important reason is that unemployment has great costs to a society in financial. To be more specific, the high unemployment rate means there are more unemployed individuals who lose their income. The governments have to spend more money to help these unemployed individuals to survive. To further support this statement, a study conducted by Statista indicates the global unemployment rate has increased from 5.37% to 6.47% from 2019 to 2020.
In addition to the above, unemployed individuals also have to face challenges to their physical and mental health. To be more specific, those people who lose income will not have money to seek for medical help when they are sick, and they will be more stressful and frustrated than others. To be further support this point, the research established by the University of PYP shows the global crime rate has been increasing from 2019 to 2020.
In conclusion, the risk of unemployment is critical. The policy makers and large organizations should take more responsibilities for solving this issue.
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