Unemployment
In Malaysia
This is not a new issue, and it is a global issue we are facing in the new wave of globalization. The economic effect from globalization could be many, I personally more emphasized the focus on unemployment because I am always the victims from it. Economic recession caused to high unemployment rate or high unemployment rate caused to economic going downhill. Sometimes, it would be the question of "Chicken come first or egg come first?" To simply it by my own way, both of it are obviously correlated. People should not be naive to think optimism about it, because it does not mean they would mutually offset each other effects. Every effect on either side would only intensify the bad effect on the other side. For example, high unemployment would only undermine the economic condition to become chronic, ,meanwhile poor economic condition would only cause more job opportunities disappear.
Economic development is the only way to create more job opportunity in this new industrialization era. It is always right and precise. This can be done through private sector and public sector. In public sector, infrastructure and facilities establishment would increase the government expenses to stimulate the economic, this would increase the confident of investors on the market. In private sector, manufacturing, services, telecommunication, and so on, act consistently to coordinate with the economic trendy to increase their investment. These all would generate more job opportunities for the people.
For many person, economic is a monopoly game for capitalist to reap huge profits. In my own view, it should be a process to systematically allocate wealth. Certainly, high risk would high return and high commitment would high rewards. Nothing would come for free. Each economic player has its own evaluation and speculation on the markets. The only mission is the profits. How good the government manage the economic depend on how smart they play the game. They should play their role to bridge the gap between poor and rich, it should not let the strike from bad economic conditions impacting the employment rate. Low employment rate would only widen the gap in between rich and poor.
However, the real scenario is always sadden. Capitalism would not sympathy on you because you are poor. Capitalism is greed and selfish because profit is the only core mission for each corporate in order to continue on next game in the economic. Capitalist normally keep their umbrella when raining during the economic recession to reduce the risk on corporate. This mean there are a wave of lay off subsequently after the rain start. In good economic condition, we still could not get any benefits because the greed of capitalist would cut expense to improve figures in their cost managements. We are always slashed in any economic conditions. Therefore, the unwillingness of sharing corporate success fruits is another main reason to cause high unemployment rate.
In a developing country, we need a lot of high-skilled employees to develop high-tech industry. In order to achieve this target, a lot of government policy are being implemented to fit in this need accordingly, especially the education system. A lot of students succeed to access their tertiary educations over the past few decades. It is a good phenomenon but quality is more important than quantity in any cases. Many graduated students are not on the par with high qualification. In a high competitive job market, we cannot see any value from the degree you have.
More than millions people are unemployed and staying at home to waste time. There are no absolute solution to solve this issue especially this issue has been politicized and polarized. Bad or good are certainly just because we bear the risk to play the game. In my opinions, we must fixate at one side that the all the sources derive from employment , which result in the economic effect. Let generate more job opportunities to create a great economic effects.
Very Good~~~ Congratulation for you because you lost job.
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