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1. Find an image or video that represents the impact of unemployment on individuals or society

2. Create a new post and upload your chosen image/video

3. Explain why you chose this image/video and how it relates to unemployment’s impact

4. Add your name in the provided field

5. Review at least 3 other posts from your classmates

6. Leave a thoughtful comment on at least one post that you found interesting

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https://youtu.be/rDXK8QYcT7g?si=3eXaufqevsE6yOIL

This video has fully described the impact of unemployment on government, economy, firms and individuals using graphs. Moreover, this video is directly related to our topic

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Unemployment crisis: 83% of jobless Indians are youth.

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Unemployment leads to financial strain, affecting people's ability to meet basic needs like food, healthcare, and education. In countries like India, where a significant portion of the workforce is in the informal sector without adequate social security, the consequences can be more severe. Unemployment also leads to social challenges such as increased inequality, mental health issues, and potential disruptions to family dynamics. The portrayal of these individuals highlights the urgent need for policies that support job creation, skill development, and social safety nets to reduce unemployment's impact.

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This image represents the harsh reality of unemployment. The dejected expression, people walking past without helping, and the "Please Help" sign symbolize not just financial instability but also the loss of purpose

Unemployment affects individuals and society alike. Beyond financial struggles, it can lead to mental health issues and increased social inequality. A strong support system and accessible job opportunities are crucial in mitigating these effects.

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The video has shown the consequences of unemployed on consumer,producer and the government using examples. It also provides a structured breakdown of the economic, social, and psychological impacts of unemployment, making it easier for you to grasp the key points without needing prior knowledge.

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Why Unemployment comes with HUGE consequences | A Level Economics (2024)

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The impacts of unemployment in Morroco:

https://en.majalla.com/node/322743/business-economy/morocco-unemployment-dark-spot-otherwise-promising-economy

Unemployment has consequences for the unemployed themselves, firms and the economy as a whole.

Workers who lose their jobs are likely to experience a fall in income. Unemployed people are likely to find it more difficult to get another job the longer they have been out of work. This is because they will miss out on training, will become out of touch with advances in technology and may lose confidence. They may also experience a decline in their physical and mental well-being. For a small number of people, there is a chance that a period of frictional or structural unemployment may give them the opportunity to search for a job they may enjoy more and which may be better paid.

Firms wanting to expand may have a greater choice of potential workers. Frictional unemployment allows the economy to respond quicker to changes in demand and supply conditions, with workers moving from declining to expanding industries. Firms may also benefit from workers not requesting wage rises for fear of losing their jobs. Firms may, however, suffer from lower demand for their goods and services.

The economy will experience an opportunity cost. Output will be below its potential level. If the unemployed were still working, more goods and services would be produced and living standards would be higher. The tax revenue received by the government will be lower than with a higher level of employment. If state benefits are paid by the government, there will be an increase in government spending on the benefits which could have been put to other purposes.

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Morocco unemployment: A dark spot in an otherwise promising economy

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Around 16 million young Moroccans are unemployed, costing the economy $12bn a year amid an uneven rebound that is fuelling outward migration. The upcoming budget will focus on this issue.

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This shows a prime example of unemployment during the great recession. It shows a crowd of people unable to meet basic needs of food or water, having to rely on free food and water from homeless shelters to survive. It also limits the sales of many businesses, as they lack both the labour and customer needed to make products and profits. the Government can't acquire taxes from said unemployed due to them not being able to make an income for themselves.