Do you ever wonder why developing countries have a high unemployment rate? The reasons are endless but five of them include: Struggling economy, low salary, technology, poor benefits, and laziness on the part of citizens. Indeed, these and more contribute greatly to the growing number of unemployed individuals in a developing country.
It’s a fact that many countries are facing economic problems. They’re affected by recession and they have no choice but to let go of some employees. Many companies have gone bankrupt and left millions of people searching for a new job. Further, it’s very hard for these countries to find investors since most of them invest in highly industrialized countries.
Nobody wants to work for a low salary. Unfortunately, people in developing countries don’t have much choice. Workers have to start by earning minimum wage while there are some who gat paid lesser. Promotion is also hard to come by since companies favor foreigners or those who have higher qualifications.
Technology is another culprit behind the increasing unemployment rate. Computers and machines are taking over people’s jobs. Instead of hiring more employees, they simply buy the latest technological gadgets and hire computer experts to program all the work for them. Further, other employers hire people abroad to work via the internet for a lower rate.
The lack of job opportunities and sufficient benefits also prevent people from getting a job. Aside from their poor salary, they also earn very few benefits. There are even those not covered by health care and have no overtime pay.
One of the obvious reasons for the high unemployment rate is the fact that there are citizens in developing countries that are just too lazy to get a job. Many jump from one job to another while there are some who simply prefer putting up a small business at home or raise animals for a living.
These reasons and more keep countries from growing economically. Unless these are resolved, developing countries will find it very challenging to get to the top.
It’s a fact that many countries are facing economic problems. They’re affected by recession and they have no choice but to let go of some employees. Many companies have gone bankrupt and left millions of people searching for a new job. Further, it’s very hard for these countries to find investors since most of them invest in highly industrialized countries.
Nobody wants to work for a low salary. Unfortunately, people in developing countries don’t have much choice. Workers have to start by earning minimum wage while there are some who gat paid lesser. Promotion is also hard to come by since companies favor foreigners or those who have higher qualifications.
Technology is another culprit behind the increasing unemployment rate. Computers and machines are taking over people’s jobs. Instead of hiring more employees, they simply buy the latest technological gadgets and hire computer experts to program all the work for them. Further, other employers hire people abroad to work via the internet for a lower rate.
The lack of job opportunities and sufficient benefits also prevent people from getting a job. Aside from their poor salary, they also earn very few benefits. There are even those not covered by health care and have no overtime pay.
One of the obvious reasons for the high unemployment rate is the fact that there are citizens in developing countries that are just too lazy to get a job. Many jump from one job to another while there are some who simply prefer putting up a small business at home or raise animals for a living.
These reasons and more keep countries from growing economically. Unless these are resolved, developing countries will find it very challenging to get to the top.
