How will the government solve Unemployment ?
April 14, 2007 8:57pm CST
Many college graduate have difficulty in finding a stable job. Many companies offer a contractual basis of hiring. New graduates do not have experience they have to undergo training. That means additional cost for the company. To set up a new business requires millions of pesos. Only a few professional college graduate is needed. Ordinary Office needs not more than 10 personnel to operate.
1 person likes this
15 Apr 07
Contract based employment has been around for decades, but it was used mainly for short term employment. However, most countries saw it as a way to lessen the union's grip on employees, so it was eventually brought for many standard jobs. This is ok if you are a good negotiator (something the unions used to do for you) however most of us don't come into that category, whereas the employer hires a trained specialist to handle their side of contract negotiations making them one sided. With short term contracts the company doesn't have to worry about 'unfair dismissal' cases costing them a fortune. Having said that, don't think I'm plugging for a return to unions to control the work force, I'm just stating facts. Here in Thailand many graduates are working as cashiers in supermarkets, which in my opinion is wrong. I wish I knew the answer to the problem, but it's too complicated.
15 Apr 07
My brain nerves are burned out after taking a review course for my board exam. I think its unfair with all the hard work of college studies. I know I have lot of resources to offer in the work force. But now I find myself out in the circle of professionals gaining a good living. So little of what you learn in school is used in real work environment. College sometimes is purely academic. Practical application may take only 10% of what you have studied.
• United States
15 Apr 07
I didn't study economics and/or political science, so I'll just use common sense -- hehe. Perhaps the best way to solve this problem is to invite more foreign investments. That would mean more jobs with perhaps higher pay. At the same time, there is a need for better policies at population control. This is for long-term. The economy will really suffer with too much population and unemployment problems. In some countries, some workers are encouraged to apply for jobs in foreign countries. This will bring in more dollars and would help the economy. I really feel sorry for good college graduates who after studying hard end up without a job, or end up in a job that's not what they studied for.