Wednesday, May 6, 2020

Introduction. The Rising Unemployment Has Generated...

Introduction The rising unemployment has generated challenges in low income communities. Unemployment involves a situation where people in a particular community are actively seeking employment but the employment rates are low. The increased rates of unemployment are contributed to by factors such as recession periods that adversely affects the economy. Impacts on the economy in turn affect the labor force leading to loss of employment and reducing the rates of employment opportunities in the country. The United States has experienced cases of recession periods and has caused significant negative impacts on the communities and economic growth of the country. The prevalence of high unemployment rates in low income communities in the U.S†¦show more content†¦The New classical economists’ theory states that structural unemployment is a reflection of the government failure to address the unemployment issue. Studies reveal that the Great Depression that occurred in America and Europe i n 1930s led to development of high levels of unemployment that adversely affected the American economy. The classical theory of economics argued that the effects of Great Depression on the economy would correct itself if the government does not cause any interference. It resulted in low levels of productivity in businesses that contributed to loss of employment and reduced income rates. The effects of Great depression facilitated the development of these theories to address the rampant rates of unemployment in America. These theories argue the market mechanisms are effective in addressing unemployment. Consequently, studies indicate that high unemployment rates contribute to increased levels of violent and higher property crimes in low income communities. The individuals in low income communities may become violent and move to cities or other wealthy residential areas in America and steal properties and obtain money for survival (Burkeman, 2009). Keynesian theory explains on the cyclical unemployment where individuals in society lose their jobs as a result of decrease inShow MoreRelatedThe Health Care System Of The Special Population1483 Words   |  6 Pagesof insurance because of the cost or some employers simply do not offer insurance. The American Indiana culture has been fortunate enough to receive coverage and support through the Indiana Health Services. In the meantime, the declining of traditional sources has affected the economic stability. The United States at this point is trying to resolve the complex challenges that are rising in health care. For example, the veteran population is an entity one of its own. 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