Youth unemployement

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Give 5 reasons for youth unemployment.
1)The minimum wage is too high 2)Lack work ethic 3)Lack of qualifications and skills 4)Regional unemployment 5)Occupational and Geographical immobility
1 of 5
Give 3 possible solutions to youth unemployement.
1)Expansionary demand management 2) Removal of the minimum wage 3) Supply side policies
2 of 5
Why do we correct unemployment?
1) It indicates an under allocation of resources 2)With cyclical unemployment a negative output gap can occur 3) Hysteresis 4) Reduces amount of government benefits provided and increases tax revenue 5) So long term growth potential is not reduced
3 of 5
What are the social issues of youth unemployment?
1) Health related issues e.g. depression from being unemployed 2) Absolute relative poverty is increased 3) Crime rates increase which in turn leads to an increase on public expenditure 4) Family breakdowns 5) Social and Political issues
4 of 5
What is the current unemployment rate in 18 to 24 yr olds in the UK?
767,000
5 of 5

Other cards in this set

Card 2

Front

Give 3 possible solutions to youth unemployement.

Back

1)Expansionary demand management 2) Removal of the minimum wage 3) Supply side policies

Card 3

Front

Why do we correct unemployment?

Back

Preview of the front of card 3

Card 4

Front

What are the social issues of youth unemployment?

Back

Preview of the front of card 4

Card 5

Front

What is the current unemployment rate in 18 to 24 yr olds in the UK?

Back

Preview of the front of card 5

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