What I liked the most
Our facilitator said that in order to achieve a successful star-up, one should remember HELF. Yes, I know some might be thinking about the word “HELP” but take note, they are two different things. HELF in Technopreneurship stands for H- Human Resources, E- Environment, L- Laws and Policies, F- Financial Resources; these are necessary for a technopreneurship business venture. A venture would not be successful if any of the four mentioned above is lacking, because each has a role to play in the technopreneurship ecosystem. So let us start with H which stands for Human Resources, in any technopreneurship venture there should be a researcher- one who is responsible for innovating new ideas, developer- one who is responsible for implementing new innovations, financers and marketing people now these are the necessary human resources you’ll need in your venture. Without these people it will be hard for your technopreneurship venture to be a success. Next is, E- Environment, another important component of HELF is the environment. If one will start a technopreneurship venture one should have the proper environment for the venture for example incubation hubs. Next would be L- Laws and Policies, of course, in a business there should be the licensing of your products so that you have intellectual property over it. Lastly is F- Financial Resources, this component is important because you will need money for your venture of course. You need to find funding agencies that will support your technopreneurship venture so that it will be successful. As mentioned in my previous reflections, our facilitator reminds us that Technopreneurship is important, because one good reason is that Technopreneurship generates more jobs. This means that if there were more technopreneurs and more start-up business ventures then the unemployment rate of the country would lower and another positive effect of this is that the economy of the country would improve. In my own opinion, this is one of the greatest benefits the country can have if start-up businesses were more abundant in the country. Entrepreneurs are the people who enter into new and pioneering ventures. It involves whole-brained and uses both the left brain which is logical and right brain which is creative and entrepreneurship is starting up a new business. In the future, my desire profession is to become an entrepreneur, but when I knew the meaning of entrepreneur well I can say that I am not fit into this profession since it requires both left and right brain and as I know I have a left brain only. Sir Gamboa also discussed to us the course model called SEED. This course model is very important to us especially those people who taking technopreneurship subject. Based on the discussion, S stands for self mastery, E stands for Environment Mastery, E stands for Enterprise Mastery and lastly D stands for development of business plan. I learned from our discussion that the technopreneurship subject is come up with this model. It will really help you and will give you further information about yourself on how can you handle things like this and those connected to the business venture you are into. Knowing yourself is the best key to know what you need to do, because if you do not know yourself then what is the point? Knowing one’s self is very important especially if you are putting up a business or starting a business, because if you so not know yourself, then you would not know if you can handle the pressure in having a business, if you can make your business successful, if you know your limitations, if you know what to do and not to do. Starting a business is really hard, but as long as you know yourself even if you are not smart don’t have a high emotional quotient or adversity quotient like mention above you will least likely fail. But nevertheless, continue to pursue and make it true. So in order to understand this course model, Sir Gamboa elaborates to us of what is SEED curriculum. Based on the discussion, self mastery passion comes from knowing yourself. It brings passion, when you know yourself, you know what you want and do not want. I learned from this that in order to become a successful technopreneur in the future, you should have a mastery of you are or you should know yourself in and out so that you will know your passion and you know what you want or do not want. According also to the discussion of this, it does not require a high Intellectual Quotient (IQ) but if you have a very high IQ well it is good and it’s beneficial to you. But it requires or there is a need of high Emotional Quotient (EQ) and Adversity Quotient (AQ). Emotional Quotient (EQ) is the ability of an entrepreneur to connect to other people and be able to feel other emotionally and Adversity Quotient (AQ) is the ability to rise up after the failure that has been encountered. It is also explained in our discussion that being a self-mastered person should be performer, epicure, and boss and has a whole-brained and has a personal vision and knows strengths and weaknesses. They are really needed to support the ideas that have been created and in return they should also gain profit in the idea that they have invested on. Though some of these funding agencies does not just relay on the profit, they really believe on the idea that is why some of them is giving money support without any return expecting. A venture would not be successful if any of the four mentioned above is lacking, because each has a role to play in the Technopreneurship ecosystem. This component is important because you will need money for your venture of course. Therefore, I conclude that I cannot be a self-mastered person because in the first place it requires high EQ and AQ and as I knew during the time that I took a test on Emotional Quotient (EQ) and Adversity Quotient (AQ), I have got only average on Emotional Quotient and moderate on Adversity Quotient and so I am the person who has not mastered yet in myself. The second is E or Environment Mastery in SEED says that it is all about generating business ideas and seeking opportunities out from his or her environment through serendipity walks, crises, trends and etc. I have learned from this that the possibilities of generating ideas are most likely to be found through the following. First is the serendipity walks, this an ordinary walk like walking on the field in USeP and suddenly you stumbled down and come up and generate with an idea. The second one is crisis like you encountered crisis or failures; this may lead to an opportunity. The third is trends opportunities and innovative ideas that can be found in current trends and fashion. And lastly are your hobbies or interests, personal skills and experiences. All of these are the factors and possibilities of generating business ideas and seeking for opportunities. I learned also that being an environment-mastered person should understand his/her industry where he/she belong and many more. The third is E also which stands for Enterprise Mastery and from this, I knew that enterprise mastery should have an idea on how to run a business such as marketing, operations and so on. And being an enterprise-mastered person should understand and integrates the functions of management, human resource, operations and etc. The last is D stands for development of business plan that covers writing, presenting and defending and adding refinements to the presented business plan. I learned also the four types of entrepreneurship which are incremental, imitative, rent-seeking and innovative. As well as the characteristics of an entrepreneur such as hardworking, self-confident, builds for the future and a lot more. For an example, the company needs a person with good skills on something. The days when college was only accessible to the rich and elite are over. College has become more affordable and a lot of pressure has been put on students to attend college in order to find a good job. The result? You have to be good at something in order to contribute something of value to a company. People with computer skills (or at the very least computer proficient) will always be in high demand. Learning these types of technological skills will always be in your best interest because companies leverage technology in their offices in order to be more efficient, and if you can integrate well with that, you’ve got something good going for you. And the other reason why people don't get a job is because they don't have no interview skills. They will ask the hard hitting questions. Why should we hire you? What do you bring to the table? Tell me about yourself (that throws off a lot of people) What’s your greatest weakness (obviously reframe this question when you answer), etc. There are a ton of resources online you can tap into in order to prepare. Use our trusty friend Google.You must prepare. Have all your answers ready to go when the question is asked. Be prepared to give examples of things you’ve listed on your resume.When you meet the interviewer, don’t give the limp fish handshake or the bone crushing one. Environment Mastery will help a person like us: children, students on deciding upon something like on which field he belongs, what are his expertise, what are his passion, and what he really loves to do. And also he or she will perceive those opportunities in his environment and not the dilemmas. He or she should be aware of the things in his environment and should always look for positive prospect and not by a negative aspect. It also helps us on how to master our environment and the things that we need to do to expose and reveal our prospective when we engage in turning out to be a technopreneur. And about the serendipity walk. I could somehow do it because your instructor instructed us to observe in different places which are the malls, fast food, hotel and schools within the Davao City. And he told us to find a problem and create an alternative ways so that we can solve it. By this I can say that I have observed different factors that the environment runs. Also I learned that there are things that need to be more seen by people. There are also things that people do not do not care about. People must know how to use their creative minds in creating new ideas that may help the community. And second is the crisis, this may lead us to an opportunity. We taught that crisis is always bad. But others do not know that sometimes create good things. It may be use to opportunity that may lead us to success.Personality and intelligence tests have long been valuable corporate tools. But the more recently discovered emotional intelligence is now starting to earn its place in the HR assessment tool-chest.
What is emotional intelligence?
Emotional intelligence is all about our ability to understand our own emotions and to interact harmoniously with those around us. Essentially, it has two elements: the intra-personal and the inter-personal. The intra-personal element is summed up by self-recognition. It describes our ability to recognize our own strengths and weaknesses, what motivates us, our values, and the ways in which we function. The inter-personal element is about how we manage conflict, about empathy, how we understand other people's emotions and whether we respond to them appropriately.
What are its benefits?
Emotional intelligence can be hugely important in the workplace, especially in terms of people-management. A manager whose emotional intelligence is weak will attempt to impose and dictate change, while a manager with strong emotional intelligence will be able to carry his team with him and allow them to drive that change. In fact, emotional intelligence is crucial in a whole range of daily situations. For instance, with the blizzard of emails growing constantly in the workplace, a person with high emotional intelligence might suggest a meeting or a video-conference to improve communications. Emotional intelligence is also important in sales, where it allows the seller to analyze the reactions of potential purchasers and arrange the sales process accordingly.
How to evaluate it?
The degree of corporate importance attached to emotional intelligence depends on the culture of a company. Some businesses focus mainly on technical ability, while others realize the importance of motivation, empathy and communication - and the problems their absence can cause. Emotional intelligence can be measured usingEmotional Quotient (EQ) tests. These can help companies to evaluate job applicants during recruitment or, used internally, can be used to encourage personnel and help them to progress. It's the employer's job to match the results to the qualities needed for the job vacancy.
EQ can it be improved?
We all have an inner core of emotional intelligence. But we also have an element of emotional intelligence which we acquire and either develop or fail to develop. That means we can train ourselves to improve certain aspects of that emotional intelligence, such as our willingness to listen, our empathy, and our ability to manage more consensually. The first step, though, is to realize that there is a need to improve. That realization is the key: without it there can be no progress.Adversity Quotient as “the capacity of the person to deal with the adversities of his life.
For many years, researchers have devoted a great deal of their studies to Intelligence Quotient (IQ) and Emotional Quotient (EQ), which are considered to be determinants of success and superior accomplishment. Paul Stoltz introduced a new yet interesting & intriguing concept – Adversity Quotient (AQ), which tells how well one withstands adversity and his ability to triumph over it. In fact, more researches recently have shown that measurement of AQ is a better index in achieving success than IQ, education or even social skills. By understanding the concept of AQ we can better understand how we and others react to challenge and adversity in all aspects of our lives. In fact, how people respond to adversity is a strong indicator of ability to succeed in many endeavors. AQ is rooted in three sciences: psychoneuroimmunology, neurophysiology, and cognitive psychology. They are its building blocks. Hundreds of research studies lend support to the role AQ plays in determining one’s ability to triumph over obstacles. To measure AQ, Stoltz developed an assessment instrument called Adversity Response Profile (ARP).
The Adversity Response Profile is the only scientifically-grounded tool in existence for measuring how effectively one deals with adversity, or one’s AQ. AQ, according to him, is a valid predictor of one’s success, stress-threshold, performance, risk-taking, capacity for change, productivity, perseverance, improvement, energy, and health. I learned that we must always assess out AQ and EQ.
For many years, researchers have devoted a great deal of their studies to Intelligence Quotient (IQ) and Emotional Quotient (EQ), which are considered to be determinants of success and superior accomplishment. Paul Stoltz introduced a new yet interesting & intriguing concept – Adversity Quotient (AQ), which tells how well one withstands adversity and his ability to triumph over it. In fact, more researches recently have shown that measurement of AQ is a better index in achieving success than IQ, education or even social skills. By understanding the concept of AQ we can better understand how we and others react to challenge and adversity in all aspects of our lives. In fact, how people respond to adversity is a strong indicator of ability to succeed in many endeavors. AQ is rooted in three sciences: psychoneuroimmunology, neurophysiology, and cognitive psychology. They are its building blocks. Hundreds of research studies lend support to the role AQ plays in determining one’s ability to triumph over obstacles. To measure AQ, Stoltz developed an assessment instrument called Adversity Response Profile (ARP).
The Adversity Response Profile is the only scientifically-grounded tool in existence for measuring how effectively one deals with adversity, or one’s AQ. AQ, according to him, is a valid predictor of one’s success, stress-threshold, performance, risk-taking, capacity for change, productivity, perseverance, improvement, energy, and health. I learned that we must always assess out AQ and EQ.
What I like the least
People are the ones who controls their lives and should earn for their living, the government is just the helping aide here whenever the people need their help. Though these pictures found to be negative because of its effects, I found these as a way of informing us if ever we will be on the wrong way. These pictures will give us heads up if ever we intend to be out of our way and stopped on reaching our goals. Informative in the sense that our facilitator shares what he knew about Technopreneurship; he also shared some of experiences from his trips around the country and outside of the country. Our facilitator really points out that Technopreneurship is important and that it could help many who are currently unemployed. Environment like and incubator center, PSI some academic institutions where doing some research and development centers, Internet Access, geographic accessiblity, communication and many more services. An example of this environment is just like the business incubator in which in business speak is a company that helps new and start up companies to develop by providing services such as management training or office space. Business incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs. The other letter in H.E.L.F is the letter L which stands for Laws and Policies. That includes the intellectual property rights which are right given to persons over the creations of their critical minds. The technology licensing office that manages in licensing, some trademarks and copyrighting of some intellectual property. And the Legal Services that requires all actions to be legal and precise. Some higher education institutions have faced legal action in the form of resolutions or lawsuits related to their IT accessibility. When both of these laws were passed, IT had not yet attained the prevalence that it now has throughout society, including education, and neither law explicitly mentions IT accessibility. The Department of Education has issued guidance that states that its long-standing nondiscrimination requirements mean that when schools use technology to provide educational benefits, services, or opportunities, that technology must be fully accessible to students with disabilities. Although accommodations or modifications can also be made to ensure equal access, these accommodation must ensure that the benefits of the educational program are provided to these students in an equally effective and equally integrated manner. Many colleges and universities have created policies related to accessibility. Some are specifically related to IT; others are more general.Information technology law provides the legal framework for collecting, storing, and disseminating electronic information in the global marketplace. Attorneys practicing in this area of the law represent individuals and businesses from all different industries. They help structure information technology transactions in a way that maximizes the client’s economic benefit while ensuring regulatory compliance. A great deal of emphasis is also placed on anticipating potential sources of dispute between the parties to a transaction, and crafting agreements that address these concerns, thereby reducing the risk of litigation. When disputes arise in the field of information technology that cannot be resolved outside of the court system, a lawyer specializing in these types of cases can prove a powerful advocate compared to a general legal practitioner. Information technology law firms tend to hire lawyers with practical experience working in the industry prior to entering the legal profession. Unemployment is a major problem in many countries in the world. The recession and the bad economy are making the process of finding a job even harder. Being unemployed for a long period of time may lead to depression, low self-esteem and problems in the family. But, for some it can be beneficial as well. However, you certainly don’t want to end up without a job for a long period of time. There are some tricks that can help you find a job in short notice. Having no job can be very stressful. First of all, you don’t have regular income, so that means no money for your personal needs, no money to pay for food, a house, a car, entertainment etc. Unemployment can also lead to depression and tough times for you and your family and friends as well. Being without a job can be the reason to a loss of identity and feeling worthless. Sometimes having no job is also connected to crimes, as people are finding alternative ways of obtaining money for survival. It can be a cause for a lot of diseases as well, and even suicide. Having no job means losing your social life and it can be a reason for constant boredom. No job means no money, bad credit loans for the unemployed are constant and people may become easily manipulated trying to earn something for a living. Being without a job can have a lot of disadvantages as well. But, have in mind that they are usually short-term and you will eventually have to find a job in order to lead a normal life. Having no job means having a lot of free time to do everything you want, anything that you were saying you would do if you had no job. It is the right time to start painting, writing a book, making music, exploring mountains etc. Being without a job also means that you don’t have to put up with your boss and boring colleagues. You are your own boss and you can start some business or do freelance jobs that are not restricted with getting early in the morning. You’ll have enough time to clean your house, spend more time with friends, and arrange your time however you want. There are many tricks that can help you find a job and grants for the unemployed. You should consider volunteering as a means of finding a job in the future. Start volunteering in an area that you are interested in. It will be fun and after a while, you may actually start being paid for your work. Or, if that is not the case, you can always put that experience in your CV. Expand your network. Ask all your friends, acquaintances and distant relatives if they or someone they know are looking for a worker. If you go to a job interview, prepare well and go there with a firm attitude like you already got the job.Unemployment is one of the major economics problems. People who are considered unemployed are those who are seeking work or laid off for more then a week. There are many different reasons why a person could be unemployed. Three of those causes are cyclical, structural and seasonal unemployment. The government tries to find solutions in order to reduce unemployment by making up policies. Cyclical unemployment is one of the causes that creates unemployment. When a person is cyclically unemployed, it means that the income is limited to the economic state and there are more jobs when economy is well however when it’s not the number of jobs available decrease. Also when people have less spending money it creates many cutbacks and loss of jobs. Therefore, this form of unemployment is usually temporary. When there is an economic growth, cyclical unemployment reduces. Structural unemployment is another cause that creates unemployment. As time goes on, consumer’s demand changes, which causes a growth in one industry, a decrease in another or it may lead to a complete shut down of a industry. And even though jobs will increase in growing industry, they will decrease or disappear in another for example, Atlantic Canada where demand for ship building was no longer needed. Thus structural unemployment causes regional unemployment because certain areas are unable to attract new industries when their old ones are shut down. Seasonal unemployment mostly depends on the climate and therefore varies in the regions of Canada. In the winter time industries like fishing, construction, and tourism struggle in certain regions. However, demand in some industries like snow cleaning will increase. The other examples where people could be seasonally unemployed are farming, lumbering and etc. People who work in those industries are usually employed for 6 month and unemployed for the other six when
Unemployment is serious problem that our government faces. Our leaders are trying their utmost best to solve it wisely. If it is not solved sooner, a social revolution may take plea to have its solution. The main cause of unemployment is the repaid growth of populations. Since independence the populations of India has increased by threes times its total. When people multiply, there raises the problems of unemployment and it becomes difficult for government to provide employment to a sufficient number of people. As a matter of principle it becomes the duty of government to provide employment to all as far as possible and we are blessed that our government is taking keen interest to solve this series problem of today. As the growth of populations is going unchecked, jobs and services in a given field commonly remains insufficient. When our youths do not find employment despite their best efforts, they get irritated. There are three types of unemployment, viz., labor class who are not educated, educated persons without possessing any technical qualifications and technical persons such as engineers
In case of labor class there are lakhs of people who earn their livelihood daily and gather themselves on some specific place just to find daily employment somewhere. They are not disappointed to a great extends. Sometimes they find employment and sometimes they return to their houses without finding employment. They are habituated to adjust themselves with the circumstance, though they also become irradiated and disappointed sometimes when problems of food and clothing arise before them. This is the case with general labor of the cities. As regards the agriculture labor of the village, they’re also not disappointed to a great extent as they find seasonal employment very easily in the farms and fields of big farmers.
Since the number of educated persons is increasing day by day, we are not in a position to afford a venue of work for this growing number. As such our educated persons are very much disappointed when they wander dark roads in search of employment. As they do not possess any technical and practical training, they only try to find clerical job which are not sufficiently according to the increasing number of educated persons. It has become a very ticklish problem
As regards educated persons, possessing technical qualifications, they tend to be frustrated when they do not find employment despite their best qualifications. There can be in no two opinions that they find their employment very easily on the merits of their technical qualifications, but according to the increasing number of such educated persons also become victims of unemployment. Education is a very good thing and one must be educated but the irony of it is that when we offer educations to young people we are not in position to offer jobs to them. This
The educated youth should change their mind also and they should think of self-employment, rather than searching jobs and services hither and there wasting their energy. In this way very serious problem of unemployment may be saved to a great extent. Unemployment is the one constant throughout history. Despite changing technology, the underlying principles of why unemployment occurs remain the same. It’s also what continues to this day. The three main causes of unemployment are economic conditions, new technology, and increasing populations.Economic conditions are the main factor in unemployment. The economic crash caused unemployment to rise dramatically, and the same has been true of every economic slump throughout history. An economic crash causes businesses to fold and posts to disappear. If there isn’t enough money coming into a company, it can no longer afford to pay its employees.Once a company fails to pay its employees it has no choice but to let them go. Sometimes, it reduces its size in waves of redundancies or it simply shuts down.New technology also has an impact. As conventional tasks become more automated and more convenient, some employees find their posts obsolete. With no reason to continue paying them, they lose their jobs as the job simply disappears. It’s why the Swing Riots occurred in. Workers fought against the introduction of threshing machines which would make many traditional jobs disappear.In the 21st century, the main threats are robotics and increasingly intelligent computers. Professional filing systems which require teams of people to maintain are now on a single computer server controlled by a single person. This is the form of unemployment which happens during prosperous times when companies can afford to invest in new technologies.Increasing populations often lead to unemployment at a slower rate. The numbers of unemployed have increased over the past few decades as the population has accelerated. To an extent, the increasing demand for goods and trade balances out the population increase, but businesses often fail to deal with the short-term consequences.Initially, many young humans aren’t yet old enough to need the economy to enlarge itself. It will take at least 20 years before the economy needs to respond to growing demand. Children generally don’t figure in the size of the economy or the need for jobs, on a large scale. It’s only when they become adults things start to change.And it doesn’t always keep pace with the number of adults in society. There are simply not enough employment roles for the number of applicants.New technology and an increasing population generally go hand-in-hand. If technology remained the same the increasing population wouldn’t matter as the jobs would form naturally. The rescinding in the number of roles from multiple sides overwhelms the employment market and we finish with a shortfall in jobs.Unemployment seems like a complicated issue as people attempt to take complicated formulae into account. Really, it’s caused by the same three things it has always been caused by. Poor economic conditions, new technological advances, and an increasing population have and always will continue to perpetuate the problem of unemployment.
Unemployment is serious problem that our government faces. Our leaders are trying their utmost best to solve it wisely. If it is not solved sooner, a social revolution may take plea to have its solution. The main cause of unemployment is the repaid growth of populations. Since independence the populations of India has increased by threes times its total. When people multiply, there raises the problems of unemployment and it becomes difficult for government to provide employment to a sufficient number of people. As a matter of principle it becomes the duty of government to provide employment to all as far as possible and we are blessed that our government is taking keen interest to solve this series problem of today. As the growth of populations is going unchecked, jobs and services in a given field commonly remains insufficient. When our youths do not find employment despite their best efforts, they get irritated. There are three types of unemployment, viz., labor class who are not educated, educated persons without possessing any technical qualifications and technical persons such as engineers
In case of labor class there are lakhs of people who earn their livelihood daily and gather themselves on some specific place just to find daily employment somewhere. They are not disappointed to a great extends. Sometimes they find employment and sometimes they return to their houses without finding employment. They are habituated to adjust themselves with the circumstance, though they also become irradiated and disappointed sometimes when problems of food and clothing arise before them. This is the case with general labor of the cities. As regards the agriculture labor of the village, they’re also not disappointed to a great extent as they find seasonal employment very easily in the farms and fields of big farmers.
Since the number of educated persons is increasing day by day, we are not in a position to afford a venue of work for this growing number. As such our educated persons are very much disappointed when they wander dark roads in search of employment. As they do not possess any technical and practical training, they only try to find clerical job which are not sufficiently according to the increasing number of educated persons. It has become a very ticklish problem
As regards educated persons, possessing technical qualifications, they tend to be frustrated when they do not find employment despite their best qualifications. There can be in no two opinions that they find their employment very easily on the merits of their technical qualifications, but according to the increasing number of such educated persons also become victims of unemployment. Education is a very good thing and one must be educated but the irony of it is that when we offer educations to young people we are not in position to offer jobs to them. This
The educated youth should change their mind also and they should think of self-employment, rather than searching jobs and services hither and there wasting their energy. In this way very serious problem of unemployment may be saved to a great extent. Unemployment is the one constant throughout history. Despite changing technology, the underlying principles of why unemployment occurs remain the same. It’s also what continues to this day. The three main causes of unemployment are economic conditions, new technology, and increasing populations.Economic conditions are the main factor in unemployment. The economic crash caused unemployment to rise dramatically, and the same has been true of every economic slump throughout history. An economic crash causes businesses to fold and posts to disappear. If there isn’t enough money coming into a company, it can no longer afford to pay its employees.Once a company fails to pay its employees it has no choice but to let them go. Sometimes, it reduces its size in waves of redundancies or it simply shuts down.New technology also has an impact. As conventional tasks become more automated and more convenient, some employees find their posts obsolete. With no reason to continue paying them, they lose their jobs as the job simply disappears. It’s why the Swing Riots occurred in. Workers fought against the introduction of threshing machines which would make many traditional jobs disappear.In the 21st century, the main threats are robotics and increasingly intelligent computers. Professional filing systems which require teams of people to maintain are now on a single computer server controlled by a single person. This is the form of unemployment which happens during prosperous times when companies can afford to invest in new technologies.Increasing populations often lead to unemployment at a slower rate. The numbers of unemployed have increased over the past few decades as the population has accelerated. To an extent, the increasing demand for goods and trade balances out the population increase, but businesses often fail to deal with the short-term consequences.Initially, many young humans aren’t yet old enough to need the economy to enlarge itself. It will take at least 20 years before the economy needs to respond to growing demand. Children generally don’t figure in the size of the economy or the need for jobs, on a large scale. It’s only when they become adults things start to change.And it doesn’t always keep pace with the number of adults in society. There are simply not enough employment roles for the number of applicants.New technology and an increasing population generally go hand-in-hand. If technology remained the same the increasing population wouldn’t matter as the jobs would form naturally. The rescinding in the number of roles from multiple sides overwhelms the employment market and we finish with a shortfall in jobs.Unemployment seems like a complicated issue as people attempt to take complicated formulae into account. Really, it’s caused by the same three things it has always been caused by. Poor economic conditions, new technological advances, and an increasing population have and always will continue to perpetuate the problem of unemployment.
Causes of unemployment
The main cause of unemployment in many countries is competition in the labor market, as there are few employment opportunities. This leads to a situation where for every available opportunity, there are more than one qualified individuals. This means that when one gets employment, others will lack employment. Currently increased technology shifts production from labor intensive to capital intensive. When these machines replace workers, they lack employment hence contributes to unemployment.
Effects of unemployment
Unemployment causes social and economic effects, which turn out to be a problem to society. The poverty index among the unemployed is high since these individuals do not have a source of income. On the social front, it increases illegal means of earning livelihoods. In a place where unemployment is on the rise, such a country has high cases of robberies, gambling, prostitution and bribery. This is a reason why unemployment contributes to social insecurities.Unemployment leads to loss of resources, and especially human resources. Unemployed individuals are unproductive, which means the economy does not utilize their production abilities. In such an economy growth of different economic sectors will be slow. These sectors and especially the tertiary sector do not get enough funding as the available funds are not sufficient to finance the sector. In such an economy, the rate of self-employment is low since they do not save money; hence there is little capital available for investments. High unemployment rate makes many employers pay less for labor. In such an economy, value of labor is less than it should be since employers will want to take advantage of the unemployed.
http://www.centraltest.com/article/emotional-intelligence-invaluable-assessment-tool
http://www.legacybowesgroup.com/latest-blog-posts/entry/how-well-do-you-handle-adversity-aq-test.html
http://www.english-for-students.com/Problems-of-Unemployment.html
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