Essay on unemployment problem in bhutan. research essay.
Bhutan’s unemployment problem is not only an economic and social challenge but in fact its causes are both economic and social. Bhutan’s relatively small economy and under developed private sector have ensured that only the government and government corporations are financially attractive enough.
A report by World Bank (2015) states that unemployment in Bhutan was more visible among urban, female, and relatively well-educated individuals, and youth unemployment had reached 9.9 % in 2013. Since then, actions were taken and jobs were created.
As modernity and consumerism take hold, Bhutan is facing a host of problems. Amongst many others youth unemployment is a serious issue. Despite the consistent efforts of the governments and concerned authorities, the challenging youth problems are on constant rise.
In today’s world, unemployment is found everywhere on the globe. It is no longer temporary and manageable. It has rather become an international problem being faced by even the rich and advanced countries of the world. The virus of unemployment is creating more panic and sense of insecurity than any other virus of the most deadly disease.
Work is central to most of our lives, that enables us to get by in the world, but also the key to how we define ourselves and to our sense of self-worth. In the UK the unemployment rate stands at 6.9% now and from the figures 19.1% are between ages 16-24. Almost one in five young people unable to find a job.
Not only unemployment problem suffers the economy, even there are many social affects too. The following are some of the social affects of unemployment: Loss of skills: when there is unemployment in the society, people loose their skills due to no usage and it causes human capital loss.
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If it is not solved sooner, a social revolution may take plea to have its solution. The main cause of unemployment is the repaid growth of populations. Since independence the populations of India has increased by threes times its total. When people multiply, there raises the problems of unemployment.
Unemployment: The rising unemployment especially among women and the rapidly growing youth population is a priority for the Royal Government of Bhutan. The country’s unemployment rate is estimated at 2.7% according to the Bhutan Standard of Living Report of 2012 (BLSR 2012).
Unemployment Rate in Bhutan increased to 3.40 percent in 2018 from 2.40 percent in 2017. Unemployment Rate in Bhutan averaged 2.60 percent from 1995 until 2018, reaching an all time high of 4 percent in 2010 and a record low of 1.15 percent in 1997. This page provides - Bhutan Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Unemployment problem and solution Employment is central in our lives. However, the issue of unemployment is a major setback to the majority of the countries. The rise in technology in the twenty-first century has worsened the issue of unemployment. Hundreds of employees are daily rendered jobless by machines, computers, and robots. Interestingly, inventions substituting the employees are.
