Here population nearly doubled in 10 years, and home prices tripled and urban planning circles hailed the boom as the new America at the far exurban fringe. But others saw it as the residential embodiment of the Edward Abbey line that "growth for the sake of growth is the ideology of the cancer cell. Owners of 1 in 10 mortgages owe more than their houses are worth, and many just walk away.
A, Germany, France to mention but these few. Being employed makes one happy. Awake stated that meaningful employment could bring happiness, makes one wanted and needed.
It further argued that people acquire certain skills so that they could be employed and be able to provide for their needs and that of the family, but unemployment seems to step in and dash this hope.
Government on her side also forget Agricultural sector, which was the mainstay of the economy in the s. Byan estimated 3. All the components of the labour force suffered from the scourge of unemployment of youths, especially graduates, retrenched civil servants and private sectors employees.
The unemployment consists of all those that are willing to work and able to work but are unable to find job. The total labour force of Nigeria is made up of those between the age of 15 years and 59 years.
Unemployment arises when the demand for labour of the factors of production falls short of supply. In this study therefore, we are going to examine the causes and consequences of unemployment in the society with Ika North East as a case study.
Unemployment situation in Delta State is inherent in the capitalist system of Nigeria economy. As policy makers are not committed to evolve pragmatic measures capable of reducing unemployment to the barest minimum, we find out that the unemployed are alienated, because such policies as poverty alleviation programme, National Directorate For Employment NDE not in any way reduced the problem of unemployment, but has been hijacked by some selfish and greedy Nigerians.
Mccleland made an assumption about people which say that man is not often looked upon as a rational economic man, social man, self actualizing man and complex. So that unemployment seems to dash away these needs. Unemployment has been the bane of the society, it has defied solutions both state and local governments.
It is for this reason that the researcher was motivated to undertake this study in order to investigate the causes and consequences of unemployment in the study area.
It is the hope of the researcher that if the causes and consequences of unemployment in the study area are known, the solution will not be far fetched.
Lampam report on the cause of unemployment stated that agriculture is the taproot of an economy. He warned that any attempt to give agricultural activities a secondary attention in the economy of any nation would sooner or later create unemployment situation.
Investigation into Nigeria sources of revenue in the s and early s showed that agricultural products was the chief source of income to the country. But with the neglect of agriculture due to oil boom, the economy late failed, and has resulted into unemployment. The second factor according to Lampan was the degree of unemployment in the developing countries were due to the neglect of indigenous technology and inadequate patronage received by local industries from the consumers and their government as well as the rate of profit reinvestment in the foreign owned industries in the country.
He observed that in any economic system where indigenous technology and local industries were not encouraged and patronized, there tend to be a decrease in the production capacity and, an increase in the dumping of the countries wealth in foreign countries in the name of purchasing foreign goods.
The picture portrayed by Lampan above, was actually what happened in Nigeria, were especially during the oil boom period that has resulted to the unemployment situation in the country. Finally, the greatest unemployment-causing factor in Nigeria has been identified to the ineptitude, corruption, fraud and general failure of leadership in our country.
Problems of Unemployment Some of the problems of unemployment are as follows: Unemployment brings frustration and disappointment. Unemployment causes crime like robbery, prostitution, drug trafficking. Unemployment syndrome is so rampant in rural and urban area. Unemployment had led to increase in poverty.
Do you think that if there is adequate employment in Ika North East, crime rate will fall? Do you think that increase in unemployment had led to poverty? Do you think that if there is adequate employment, poverty level would be reduced?
Does unemployment bring frustration and disappointment to the unemployed? Does population growth influence unemployment standard in the area? Is unemployment syndrome so rampant in rural areas than in the urban? To which factor could unemployment be attributed?
To examine the major factors that causes unemployment in the society. To assess the consequences of unemployment on the society. To examine efforts by the government both state and federal, individual organization in employment generation.
To suggest appropriate strategies for the reduction of unemployment in the society.The Home of the 4 Hour Investor Grade Business Plan. Faster investor quality documentation using HyperQuestions.
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