Unemployment is a scar to a developing country. Many policies have been writes off to mitigate with this horror situation. Even Banks have become much more humanistic in providing aid to the unemployed people. Government aided urban plan & many policies have been scheduled to utilize human resources. To emphasize, it is the best outlook of every feudal structure to invalidate unemployment without sticking to palsy issues of campaigning.
Unemployment is a creative boon to our society. The word “employment” relates to massive expenses that write off adequate distribution of money to other people in society. Expenses accumulating at large suddenly make the employment opportunities too narrow to be set upon. If there is a requirement of skilled people, lack of systematic distribution of money falls short & thus employment gets stop over a period of time. Money & employment are both mutually exclusive to sustain in a society. Power controls the flow of money systematically. Nevertheless, the exclusivity of monetary institution like banks fails to aid people whom are still unemployed.
The advancement of “bargaining” system into monetary practices of buying goods invalidates the unemployment existence though this is a general observation. This practice had been brought forth the buying opportunities of not only goods which are physically available but also intangible services which as required was brought then. But the present scenario demands more since the rendered intangible service providers are so many that it is quite impossible to get what being demanded. Apart from this fact, the distribution of money through government aided institutions required validation of originality. In a sense, when someone goes to bank to avail personal loan to run a business, lots of official requirements do slow that noble process.
It is of the view that unemployment can be occurred with one of several reasons but outstanding dues or loan as not cleared is of prime reason. Available loans for every type of people can be procured from banks at lower interest rates may be an economic interpretation of a “good society”. But if you were unemployed then options for you are so short that you could not understand what to do next. Moreover, if you get to banks to avail loans for self-establishment, you have to opt for an option how to repay the debt. This scenario is now a history since government funded projects utilizes both skilled & unskilled laborers to eradicate “unemployment” completely.
The post freedom picture of every country seems to be somewhat different. Their power structure has become contemplative enough to stop the grievance of unemployment. Several reputed institutions along with banks have approached with their effective methodology to help unemployed one. Even, government has started campaigning with a kind issuance. Their benevolent approach treats unemployment as a temporary event & thus many people borrowed cash loans for the unemployed in order to carry them through times of unemployment. At recession times, the upsurge of unemployment threatened many countries monetary policies but the vacuum that unemployment had been created enlightened many countries to review their policies. To conclude, it is a cumulative effort from both ends either by government or local people to erase unemployment completely from our society.