How to Solve Unemployment Problem?

How to Solve Unemployment Problem?

How Can the Employment Problem Be Solved?

1. A shift in industrial practice:

Production methods should be in line with the requirements and resources of the nation. It is crucial to promote labor-intensive technology instead than capital-intensive technology.

2. Seasonal unemployment policies:

The agro-based industries and the agricultural sector both experience seasonal unemployment. To take it away:

There should be multiple cropping in agriculture.
Encouragement should be given to plantations, horticulture, dairying, and animal husbandry.
Encouragement of cottage industry is necessary.

3. Modifications to the educational system

There should be a radical overhaul of the educational model. Admission to colleges and universities should be prioritized for those with an interest in higher education. The importance of vocational education must be emphasized. A competent engineer should launch their own modest business.

4. Development of Job Exchanges:

There should be more job exchanges established. People should be informed about work opportunities.

5. More support for independent contractors:

In India, most people work for themselves. They work in cottage and small-scale industry, trade, and agriculture, among other things. Financial assistance should be given to these people, along with raw materials and technical instruction.

6. Full-time and higher-paying employment:

The county’s employment policy should prioritize increasing employment possibilities and labor productivity. The government should implement a plan that gives everyone access to employment.

7. An increase in output:

The agricultural and industrial sectors must produce more in order to create more jobs. The growth of small and cottage industries needs to be promoted.

8. Give job programs more consideration:

Employees should be given more weight in five-year plans. People may have better employment opportunities thanks to programs like irrigation, roads, flood control, power, agriculture, and rural electrification.

9. High capital formation rate

The nation should speed up the rate of capital formation. Particular encouragement for capital formation should be given to projects that increase job possibilities. It is best to keep the capital-output ratio low.

10. Sectors within the cooperative movement:

Cooperative sector businesses should be supported. The Kerala government established a cooperative textile mill that employs 600 unemployed people. This is a creative strategy to combat unemployment. The governments of various states should take the required actions in this regard.

11. Industrial activity decentralization

To lower unemployment, industrial activity must be decentralized. The number of employment prospects in underdeveloped areas will decrease if industrial operations are concentrated in one location. Therefore, the government should implement such measures that support the decentralization of economic activity.

12. Population management

To address the unemployment issue, population growth needs to be restrained. Family planning programs should be extensively and successfully implemented.

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