Unemployment and Social Issues 2022

Running Head: UNEMPLOYMENT AND SOCIAL ISSUES
UNEMPLOYMENT AND SOCIAL ISSUES
Name of the Student
Name of the University
Author Note

UNEMPLOYMENT AND SOCIAL ISSUES1
Literature Review with Annotated Bibliography
1. Fryer, D. and Stambe, R., 2014. Neoliberal austerity and unemployment. The
Psychologist, 27(4), pp.244-248.
 This paper discusses about the neo-liberal fiscal policies that reduces the
public expenditure. It does so by means of cuts to the budget of the local and
central governments, besides benefits, welfare services and privatization of the
public resources. These results in job losses or unemployment. The articles
questions the theoretical, empirical, methodological as well as the ideological
grounds for relationships among unemployment, neoliberalism and
psychology, as a discipline. It further states that unemployment is a part of
neoliberalism rather than a result of the same.
 This study is significant as it studies the austerity of neoliberalism that gives
rise to situations of want, ignorance, disease, idleness and squalor. It paper
brings to focus how the majority of population in the United Kingdom (U. K.)
is affected by unemployment with a record of 2.51 million people suffering
from the disease, called unemployment. This record was according to the
statistics of the labor market, put forth by the U.K. Office for National
Statistics in June 2013. It meant that for every one vacancy, there were almost
five unemployed people, competing for the same. It also studies the
psychological aspect of unemployment, emphasizing that the mass
unemployment led to a revolution and creation of poorer mental health
situations. Unemployment has a prolonged adverse effect on the mental health
of a person, and many-a-times, forcing the person to take up minor jobs with a
lower pay only to make his ends meet.

UNEMPLOYMENT AND SOCIAL ISSUES2
2. Mago, S., 2014. Urban youth unemployment in Africa: whither socio-economic
problems. Mediterranean Journal of Social Sciences, 5(9), p.33.
 This article analyzes the future effects of unemployment of the urban youth on
the political and socio-economic fundamentals in Africa. It reflects upon how
the youth in Africa, located in the urban regions, too, lack enough
opportunities for employment and growth. The paper conducts a qualitative
research to study how the national crisis is set on a graph to further increase
the number of unemployed youths in the urban regions of Africa. The paper
further studies and concludes that the government needs to build strong
strategies and look into the regional integration programs to incorporate a
definite solution to this difficult situation. The crisis is evident and alarming as
the data predicts the unemployment for the youth to be as high as twice that of
the unemployed adults.
 This study is significant as it brings out the fact that the majority of the
population in Africa, that is, almost an average of ninety percent resides in the
urban landscape. This results in a teething competition to get a job. This
encourages the youth with an opportunity to entrepreneurship by developing
innovative measures to promote employment for the youth. Technological
unemployment is a serious issue as the scientific advancements have shifted
the industries from a labor-intensive market to a capital-intensive market.
Structural and Cyclical unemployment are other forms of unemployment.
Structural unemployment is caused due to a gap between the knowledge and
practical skills that affects both the new entrants and the terminal ones. While
cyclical unemployment leads to the job loses that occurs during the peaks and
lows in the business cycles of a company. Frictional unemployment, however,