Unemployment has become an increasing problem in the recent past. What factors contribute to an increase in unemployment and what steps can be taken to solve the problem?

Over the past few decades,

unemployment

in many countries

have

Change the verb form

has

show examples

been skyrocketing

due to

various reasons.

This

essay will discuss the fundamental issues that

increases

Change the verb form

increase

show examples

the rate of

job

losses and potential solutions that can be implemented to mitigate these problems. One major concern that has boosted the rise of

unemployment

is the globalization of technology. Throughout the years, electronics

has

Correct subject-verb agreement

have

show examples

vastly evolved and

is

Correct subject-verb agreement

are

show examples

replacing human occupations at an alarming rate. Professions like teaching, programming and engineering are at risk because they can be taken over by machines easily.

According to

recent research conducted by

University

Correct article usage

the University

show examples

of Oxford, over 700 types of jobs

are

Wrong verb form

have been

show examples

at risk since artificial intelligence was introduced.

Thus

, encouraging many organizations to lay off their staff which ultimately leads to a depression in employment.

Additionally

, the lack of employee benefits and insufficient wages

,

Remove the comma

apply

show examples

also

supports the rise in

unemployment

rates

. To

further

elaborate,

COVID-19

Correct article usage

the COVID-19

show examples

pandemic led to immense inflation

rates

which crushed the economic status of

a

Correct article usage

the

show examples

country.

Consequently

, middle to low-income families were unsatisfied with their monthly income since they found it difficult to buy groceries and other basic necessities to provide for their family. In fact, many companies stopped providing transportation for their workers because of the hike in fuel costs,

hence

, soaring employee turnover

rates

.

Nevertheless

, strict measures can be taken to control the amount of

job

losses.

For example

, the use of automation can be limited and companies can create other career opportunities for skilled people. Even though

,

Remove the comma

apply

show examples

the usage of machinery is efficient and less

time consuming

Add a hyphen

time-consuming

show examples

, it can be very costly. If a machine malfunctions, it will lead to more expenses and a waste of

time

.

Moreover

, businesses can focus on retaining their staff members by providing

a

Correct article usage

apply

show examples

higher compensation and numerous

labor

Change the spelling

labour

show examples

rewards,

such

as

,

Remove the comma

apply

show examples

commissions and events. As a matter of fact, Google has executed a rule called “20%

time

policy”, where their staff members are allowed to take 20% of their working

time

to do any kind of activity they prefer.

This

has tremendously helped them to reduce their underemployment ratio. In conclusion, machinery taking over human tasks and inadequate salaries are leading reasons for

job

displacement.

Therefore

, before

unemployment

rates

further

escalate, companies should focus on

job

creation and keeping their

laborers

Change the spelling

labourers

show examples

by issuing a lot of advantages.