05/01/2023
Topic- Unemployment problem in Bangladesh
Most of the people in Bangladesh like to earn money through employment. Unemployment and poverty are related to one another. When a worker fails to get a job with the current wage, is called an unemployed worker. When the unemployed situation occurs in an economy is called unemployment. A worker is willing to join a job at the current market wage but there is nothing for him is called unemployment.
Bangladesh has to serve unemployment in rural areas than in urban areas. The total number of unemployed people in rural areas is 1.82 million wherein the urban area belongs to 0.77 million. Bangladesh belongs to more than 50% of the youth, workable person while the developed countries have only 20-25%, of youth people. Foreign employment opportunity is a great chance for our countries’ human labor.
The unemployment rate in Bangladesh- After 2008 the highest unemployment rate was 5% in 2009 and the lowest unemployment rate was 3.38% in 2010. After 2010, the unemployment rate increases again till 2013 when it was 4.43%. Then the unemployment rate is decreasing slowly in 2017, 2018, and 2019 it was respectively 4.37%, 4.28%, and 4.19%. The total number of unemployed people in 2016 was 2.7 billion and in 2019 it was about 2.6 billion.
Causes of unemployment in Bangladesh- - -
1, Overpopulation
2. Underdeveloped economy.
3. Lack of capital
4. Lack of technical education
5. Natural calamities
5. Political instability
6. Agriculture dependency
7. Corruption
8. Annihilate cottage industries
With the above reason, there are some other reasons which enhance the unemployment problem. Those are-
Lack of investment
Lack of women's employment
Indolent people
Lack of proper industrial policy
Contractionary fiscal policy
Lack of planning
Lack of women's employment intelligence lower human labor.
Effects of the unemployment problem-
Here, unemployment brings the chain of the vicious circle of poverty. In Bangladesh investments are low, so it is a low investment- low employment- low income – low saving- low productivity- low investment, and vice versa.
The first and most important effect of unemployment in rural areas is migration to urban areas. Most of those are young and unmarried and their targeted city is Dhaka.
Unemployment encourages crimes. People violate the law if they don’t have enough money to lead their life.
Most of the people in Bangladesh like to earn money through employment. Unemployment and poverty are related to one another. When a worker fails to get a job with the current wage, is called an unemployed worker. When the unemployed situation occurs in an economy is called unemployment. A worker is willing to join a job at the current market wage but there is nothing for him is called unemployment..labor.is called unemployment. labor.tries’ human labor.es’ human labor. human labor. a labor.labor.r..people in 2016 was 2.7 billion and in 2019 it was about 2.6 billion. t 2.6 billion. t 2.6 billion. 6 billion. billion.
Thank You.
