Unemployment is the enforced idleness of wage earner who is able and willing to work but cannot find jobs. In societies where most people earn their living only by working for others, being unable to find a job is a serious problem. In Pakistan population pressure is causing a slow economic growth rate. Rapid growth in population is the main factor which is worsening the situation.
Uncertainty and unrest in Pakistan and the worsening law and order situation has played an important role in transferring the business to other countries. No foreign investors feel secure in investing in such a country in which their businesses are not secure. Due to weak political system and unstable government structure, no foreign companies want to invest here. Low rate of literacy and deterioration in standard of education in the educational institutions contributed much in increasing unemployment rate. The global recession has affected many. During this kind of a situation, employer and other business owners are forced to reduce their workers in order to cope with the bad situation.
To eradicate this problem certain steps should be taken like: Economic revival package should be announced by the government for the revival of industries to stimulate production and investment. Government should try to boost exports through broadening the tax base and lowering tariffs. Importance of all industries should be highlighted and equal opportunities and facilities should be provided in all sectors so that no particular industry or profession face the burden which later on results in job shortage and unemployment. Technical training facilities should be provided. In this way unemployed people will get a chance to enhance their skills and become able to earn more reasonable income.
SHUMROZE MUNIR BALOCH
Lahore