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how does poverty and unemployment leads to coporate social investment

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12y ago

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How does the issue of unemployment contribute to social problems in our society?

The issue of unemployment can lead to social problems in our society by causing financial strain on individuals and families, increasing poverty levels, and creating feelings of frustration and hopelessness. Unemployment can also lead to a lack of access to healthcare, education, and other essential services, further exacerbating social inequalities and contributing to social unrest.


What are the key differences between structural and frictional unemployment, and how do they impact the overall labor market?

Structural unemployment is caused by mismatches between the skills of workers and the requirements of available jobs, while frictional unemployment occurs when people are temporarily between jobs. Structural unemployment can lead to long-term unemployment and a decrease in overall productivity, while frictional unemployment is a natural part of a dynamic labor market. Both types of unemployment can impact the overall labor market by affecting wages, job availability, and economic growth.


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A rise in unemployment will lead to a fall in inflation...this is best explained by the philips curve