What challenges does the rising joblessness pose for the country according to an IIM study
Examine the correlation between joblessness and education levels based on the study conducted by IIM.
According to a study conducted by IIM, the rising joblessness in the country poses significant challenges:
- 1. Economic Burden: High joblessness leads to increased financial strain on the government through social welfare programs and loss of tax revenue.
- 2. Social Unrest: Rising unemployment can result in social unrest and dissatisfaction among the population, leading to potential instability.
- 3. Skill Mismatch: Joblessness may highlight a mismatch between the skills possessed by job seekers and the skills required by employers.
- 4. Education Levels: The study may show a correlation between higher levels of education and lower joblessness rates, emphasizing the importance of education in reducing unemployment.
- 5. Policy Implications: The study could suggest the need for policies focused on education and skill development to address joblessness effectively.
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a year ago