What is the impact of youth unemployment in China on China s economy?

Updated on Financial 2024-08-04
8 answers
  1. Anonymous users2024-02-15

    It's a big concept.

    I can't tell you for a while.

    Unemployment, i.e., the absence of a job, means a lack of social connection, a lack of purpose in life, a lack of self-esteem, the presence of mental stress and illness, and of course the inability to pay the bills and purchase necessities and luxuries. The latter is particularly severe for those with family obligations, debts and medical expenses, and health insurance is available only when there is a job. As the saying goes:

    Poor couples mourn everything"The pressure caused by unemployment often becomes the fuse of domestic violence and disharmony, and the unemployed lose their self-esteem and sense of achievement; Family members lose respect and patience, and violence can easily spiral out of control, causing serious problems. American social behaviorists have pointed out that increased unemployment increases crime and suicide rates, and tends to worsen health.

    The impact on China's economy, from a macro point of view, will reduce national income, all systems of production, distribution, circulation, and consumption activities and relations will also decrease, and fiscal spending will increase. It mainly includes unemployment insurance, investment in social and public security, and so on.

    It's a chain reaction.

    At the micro level, purchasing power decreases, and the supply and demand for goods and services decreases. Oversupply, inflation.

    When a country has an unemployment rate of more than 10 percent, it is already dangerous.

    And many more!

  2. Anonymous users2024-02-14

    1. Increase the systemic risk of social security. Unemployment means no income, and no income means that there is neither a personal account nor a pooled account (pay-as-you-go account) that can be provided, and if there are too many unemployed, it will lead to the collapse of the social security system. There is no security in old age.

    2 Economic Depression If you are a shopkeeper and your main customers are young people, they are unemployed means that they have no money and your business will be bleak. Suppose that there are countless micro-enterprise ,.. like you in our countryGot it.

    There are too many influences to list them all.

  3. Anonymous users2024-02-13

    Global economic downturn: Instability and uncertainty in the global economy may lead companies to reduce investment and hiring, which in turn will affect the reduction of employment opportunities for young people.

    With the development of technology, many traditional jobs are replaced by automation, resulting in an increase in the unemployment rate of young people in specific fields. In addition, some emerging industries and technologies require skills that do not match the education and training of young people, which also leads to unemployment among young people.

    Mismatch between education and employment: The education system is unable to adapt to changes in demand in the labor market in a timely manner. As a result, young people may find that what they have learned does not match the requirements of the actual job during the job search process, leading to an increase in the unemployment rate.

    An assessment system that relies too much on academic performance can lead to a lack of competitiveness among young people in terms of actual job competencies and skills.

    Employment discrimination: Factors such as gender, race, age, etc., may lead to discrimination against young people in the job search process, which in turn can lead to an increase in unemployment.

    Basic wage level: Some industries have relatively low base wage levels, which may lead young people to have little interest in these occupations, and thus choose other occupations or face unemployment.

    Lack of policies to support and encourage entrepreneurship: More support and incentives for entrepreneurship can be provided, such as reducing the cost of entrepreneurship, providing entrepreneurship training and loans, etc., to promote young people's willingness and ability to start their own businesses.

    **Collaboration with Ninju educational institutions and industry can be strengthened to ensure that the education system can adapt to changes in the needs of the labor market in a timely manner and provide education and training that matches the actual job requirements.

    Career guidance and counselling: Education institutions can provide more career guidance and counselling services to help young people understand the needs and trends in the labour market so they can better plan their career development.

    Strengthen vocational training and upskilling: Invest more in vocational training and upskilling to ensure young people have the skills and competencies to meet the needs of the labour market.

    Improving equity in the labour market: Stronger regulation of the labour market can be strengthened, employment discrimination can be reduced, and equal access to work opportunities can be ensured for young people.

    Reforming the education system: It is possible to work with educational institutions to reform the education system to provide more practical and adaptable educational content to improve the employability of young people.

    These are some of the different perspectives and solutions to the high youth unemployment rate. In response to this problem, it is necessary to work together among the people, educational institutions, enterprises and young people to take a variety of measures to alleviate the problem of high youth unemployment, starting from multiple aspects such as the economy, education and the job market.

  4. Anonymous users2024-02-12

    There are many reasons for the high youth unemployment rate, including the following:

    1.Mismatch between education and employment: Some college graduates have a mismatch between their professional skills and market demand, making it difficult for them to find jobs in the job market.

    In addition, some employment opportunities require practical work experience, which is often lacking among young graduates, making it more difficult for them to find a job.

    2.Adjustment of employment structure: With the adjustment of industrial structure and economic transformation and upgrading, some traditional industries are facing reduced demand or overcapacity. The reduction in employment opportunities in these industries has made it more difficult for young people to find employment in these industries.

    3.Slowing economic growth: Slowing economic growth has led to reduced demand from businesses and increased hiring pressures. In the case of weak market demand, companies reduce recruitment or even lay off employees, making it more difficult for young people to find jobs.

    To alleviate the high youth unemployment rate, we can do the following:

    1.Improving the quality of education: Strengthen the construction of vocational education and improve the practical work ability and practical experience of graduates, so that they can better adapt to the needs of the job market.

    2.Encourage entrepreneurship and self-employment: ** We can increase support for entrepreneurs, provide entrepreneurial funds, tax exemption policies and other support measures, encourage more young people to start their own businesses and employment, and reduce employment pressure.

    3.Strengthen employment training: Provide vocational training and skills upgrading opportunities for young people who are unemployed or have difficulty finding employment, so as to improve their employability competitiveness and increase employment opportunities.

    4.Intensify job creation: We can create more job opportunities and provide more employment options for young people by expanding infrastructure construction and promoting the development of emerging industries.

    In short, alleviating the problem of high youth unemployment requires the joint efforts of the whole society, including the participation of all parties, including educational institutions and enterprises. Only through multi-party cooperation can we better solve the problem of youth unemployment and create more employment opportunities for young people.

  5. Anonymous users2024-02-11

    The main reasons for the high youth unemployment rate are as follows:

    First of all, the industrial transformation and upgrading caused by the adjustment of the economic structure has reduced the employment opportunities in some traditional industries. With the advancement of technology and the intensification of global competition, some traditional industries are facing the problem of shrinking markets and reduced labor demand, resulting in a reduction in employment opportunities. This has led to increased competition among young people in the job market and an increase in unemployment.

    Second, the mismatch between education and employment is also an important reason for the high youth unemployment rate. The disconnect between the education system and the job market has led to a mismatch between the employability of some graduates and the market demand. Overly theoretical education and lack of practical experience have made it difficult for some university graduates to find employment in the job market, which has led to an increase in youth unemployment.

    Third, the rigidity of the labour market is also an important reason for the rise in youth unemployment. The rigidity of the labour market has led to a lack of labour mobility, which has led to additional barriers for young people to find employment. For example, some occupations have high barriers to entry and strict requirements for experience and background, making it difficult for young people who are just starting out in the workforce to find suitable jobs.

    In addition, the problem of youth employment is also related to factors such as imperfect social security system, unfavorable entrepreneurial environment, and asymmetric employment information.

    In order to alleviate the problem of high youth unemployment, the following measures can be taken:

    First, vocational education and skills training should be strengthened to improve the employability and market adaptability of young people. Vocational education should pay more attention to the cultivation of practical ability and vocational skills, and provide more internship opportunities and practical experience in line with market demand. At the same time, we will increase support for technical colleges and vocational schools to provide more jobs and ways to change the vacancy.

    Secondly, strengthen the connection between colleges and universities and the job market, establish a mechanism for school-enterprise cooperation, and provide more internship and employment opportunities for graduates. Colleges and universities can cooperate with enterprises to carry out project research, technological innovation and other activities, so that students can improve their employment competitiveness in practice.

    Third, reform the labor market, lower the threshold and cost of employment, and increase the mobility of labor. For example, reducing the work experience and background requirements of employers, and lowering the threshold for obtaining vocational qualification certificates. At the same time, it is necessary to establish and improve the social security system and provide more assistance and support for the unemployed.

    In addition, it is also necessary to increase support for the entrepreneurial environment and provide more opportunities and policy support for young people to start their own businesses. Encourage innovation and entrepreneurship, provide entrepreneurship training and entrepreneurial capital, and reduce the risk and cost of entrepreneurship.

    Finally, the release and transmission of employment information should be strengthened, more employment information and employment guidance should be provided, so as to help young people understand the dynamics and needs of the job market, and provide more opportunities and channels for job searching.

    Overall, alleviating the problem of high youth unemployment requires the joint efforts of **, business and all sectors of society. Measures such as strengthening vocational education and training, reforming the labor market, and increasing support for entrepreneurship can improve the employability and market adaptability of young people, promote the increase of employment opportunities, and thus alleviate the problem of high unemployment in young people.

  6. Anonymous users2024-02-10

    <> Social impact of unemployment: Unemployment threatens the stability of the family as a social unit and as a unit of economic assistance. Without income or with a loss of income, the head of household cannot function as it should. The demands and needs of the family are not met, family relations.

    will be compromised as a result. Studies have shown that dismissal is as traumatic as the death of a loved one or academic failure. Relationships outside the family.

    It has also been severely affected by unemployment. An unemployed person loses his or her self-esteem and influence among those who are employed, faces the possibility of being rejected by his colleagues, and can lose his self-esteem and self-confidence. Eventually, the unemployed were hit hard emotionally.

    The Economic Impact of Unemployment: When the unemployment rate.

    When it rises, the goods and services in the economy that could have been produced by unemployed workers are lost. When the total loss of income of the unemployed is equal to the loss of production, the loss of output is a measure of cyclical unemployment.

    The main measure of loss, which indicates that the economy is in a state of underemployment.

  7. Anonymous users2024-02-09

    Young peopleUnemployment rateThe reason why it is higher is mainly because young people feel that they have put in the effort and income in the process of employmentProportional。So in such cases, young people are particularly prone to making the decision to resign.

    For every adult, basically they need to get a relatively stable income by working. Only in this case can you allow yourself to have a more stable material life. However, as things stand, the unemployment rate among young people in urban areas has risen to.

    The emergence of this phenomenon can only show that more and more young people are unemployed. <>

    The effort is not proportional to the income.

    First of all, the reason for the relatively high unemployment rate of young people is mainly because young people always feel that their efforts are not proportional to their income in the process of work. In this case, there is a particularly unbalanced feeling in the hearts of young people. And the decision to resign will be made, so that in this case, the unemployment rate of urban youth will be reached.

    Young people are reluctant to do hard work.

    The second is that young people are always reluctant to work in a harder job. Because for young people, they should also have a more comfortable feeling in the process of work. So even if you have your own level of education.

    It's not very high, or there is no relevant technology. But for the majority of young people, it is still unacceptable to work that requires manual labor. As a result, the unemployment rate among young people in urban areas will continue to rise. <>

    Young people should have a more stable job.

    Finally, I personally think that young people should have a job of their own. And in the process of work, you should also have a relatively stable state. This is because young people can save their savings through job stability.

  8. Anonymous users2024-02-08

    The main reason is that due to the impact of the epidemic, the production and operation of enterprises are struggling, and the ability to absorb employment has declined. At the same time, young people are more inclined to apply for stable jobs, which exacerbates the contradiction between supply and demand. In May, the unemployment rate for young people aged 16-24 rose by one percentage point from the previous month.

    This year, there are 10.76 million college graduates in our country. With the arrival of the graduation season, college graduates will enter the labor market in a concentrated manner, and the employment pressure may further increase.

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