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  • Essay / Unemployment Unemployed - 595

     The main topic of the media article is the increase in the unemployment rate in recent years. People are losing their jobs; The unemployment rate rose to 6 percent, its highest level in more than a decade, as 3,700 jobs were lost from the economy, according to official figures (Sydney Herald, 2014). The question is raised because this problem has affected the whole world. workers in Australia as well as in factories manufactured overseas. The problems are listed below.• Decreasing job vacancies.• Providing cheap labor to companies• Accepting jobs that the younger generation is looking for without experience or less education (concerns in the future about jobs)• Decreased employment opportunities in Australia• Cheap labor outside Australia (Bangladesh)• Fair work Australia- Minimum wage Total monthly working hours increased by 20.5 million hours to reach 1,635.8 million hours, which could indicate future improvements in the labor market, as the economist said. Stakeholders who are affected:• Owners• Consumers• Employees • Suppliers In Australia, 6%...