google-site-verification=y8-t6ijBNevTkNpEUF4SLeOLvx2dWRgnwrc3MlQUcxA
top of page

Unemployment is Costly

Future Prospects

The prevalence of unemployment in an economy provides the unemployed persons with an impetus to commit crime for monetary gains.

 

For a country where majority of the young is jobless crime may become a sport activity. According to the theory of economics of crime, unemployment has a cost, i.e. it increases crime. In addition, high unemployment is costly as it keeps parts of the labour force out of production and, if persistent is likely to decrease the skills and know-how of the labour force.

 

Lin, 2007;, Buonanno & Montolio, 2008; Baron, 2008). The poverty risk induced by, unemployment inclines unemployed individuals to seek alternative strategies for, securing an income, including in some cases, criminal activities. And while, poverty is a frequent consequence of becoming unemployed, unemployment also, provides other motives for engaging in crime. Unemployment generates negative, stimuli from social interactions, frees the individual from the social control, imposed by institutions such as workplace and the moral judgment of colleagues,, and promotes idleness.These are all mechanisms that, according to theory, may, affect criminal behavior during unemployment

10 Top Developing African Countries
South Africa is ranked 9th on the list of 10 Most developed countries in Africa. In this category, South Africa has the second biggest GDP, second biggest population and unfortunately, at Number 9 this country leads with the highest Unemployment Rate at 27.7 %

 

BRICS Countries

Compared to Brazil, Russia, India and China, South Africa has the smallest GDP, smallest Population Size but Highest Inflation and Unemployment Rate, way over more than two times than Brazil.

 

G20 Countries
South Africa amongst the G20 Countries still tops the list with Unemployment rate than any other country on the list.

 

South Africa has one of the highest crime rates in the world. Businesses within South Africa are vulnerable to encountering all types of crime including robbery and fraud. Due to the horrific scenario that South Africa is facing, many businesses fear to enter the country, thereby preventing international business from flourishing. 

 


 

This current state of affairs is only a perfect breeding ground for anarchy, mayhem and disaster that we are all going to pay heavily for it, if not us our children, wait until it hits close to HOME

Unknown Track - Unknown Artist
00:00 / 00:00
Unknown Track - Unknown Artist
00:00 / 00:00
bottom of page