The consequences of

unemployment

By: Kimberly
The consequences of unemployment:
 The existence of unemployed workers makes it easier for firms,
wishing to expand, to recruit new workers.

 It can also keep down inflationary pressure by lowering wage

rises.

 How ever it is generally agreed that the costs of unemployment

exceed any benefits.
 The effects on unemployed
01
Suffer a fall in income
02
Loss of self-worth

03
Decline in mental and
physical health
 Effects on unemployed
Employment
chances
decrease

1 2

Reduce a persons Not able to afford the

chance of gaining education of their children
another job past school leaving age
Our history
And still going
strong!

2015 2020

Jupiter is the Jupiter is the

biggest planet biggest planet
Best sellers
01
Saturn is the ringed
one and a gas giant 02
Neptune is the
farthest planet
03
It’s the biggest planet
in the Solar System
 The effect on firms
They can employ unemployed
to expand production

More flexible in terms of hours

they work and tasks they
perform

Low demand for most

firms products

Reduction in production due to

high unemployment rate
The effects on the economy

1 2 3 4

Imposes and The economy Tax revenue will Puts pressure

opportunity wont be making be lower than on government
cost as many goods possible expenditure
and services as
possible
Video

https://www.youtube.com/watch?v=rDXK8QYcT7g
Questions
Questions
Questions
Questions