The Impact of Unemployment on Youth
Unemployment and the lack of job opportunities have a detrimental effect on society, particularly on the youth. The most significant impacts and outcomes are outlined below:
Decline in Physical Health
As levels of anxiety and stress associated with unemployment increase, a corresponding rise in health issues among individuals is observed.
Social Issues
Unemployment exacerbates social problems among individuals, leading to a decline in social interactions and visits between people. Additionally, there is an increase in theft and criminal activities, along with a notable decrease in participation in volunteer work.
Migration Trends
The condition of high unemployment prompts many to consider migration due to harsh living conditions and a lack of job opportunities. This, in turn, leads governments to impose strict regulations on immigration, alongside rising expenses related to unemployment benefits, thus pushing them towards borrowing.
Skills Deterioration
A prolonged absence from work can significantly impact an individual’s skill level, resulting in a decline. This, in turn, reduces the chances of securing employment since employers are often hesitant to hire individuals who have been unemployed for an extended period due to concerns over their skill set.
Financial Challenges
As unemployment rates increase, opportunities for gaining employment diminish, leading to a lack of income sources and decreased financial liquidity. This can result in economic stagnation and a diminished purchasing power, adversely affecting the nation’s economy.
Mental Health Issues
Unemployment is frequently associated with feelings of unhappiness, despair, and emotional distress, stemming from the inability to secure a job that would meet even the basic needs of an individual. The loss of income plunges young individuals into a state of pessimism, depression, and low self-esteem, leading them to view life’s circumstances with negativity and hopelessness.