economics

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about unemployment problem.

As demonstrated, there are a number of causes responsible for the unemployment problem. Confronting unemployment requires diagnosis of the causes and then eradicating or decreasing these causes. In order to understand the problem in different perspectives, it requires the understanding of how a free market economy behaves. This will offer knowledge that enables the governments to control the problem and develop proper solutions.

The proposal for new job creation is a good solution. However, such a programme requires time so offering early retirement to older individuals who are close to retirement and replacing them with unemployed people is the most promising solution to the unemployment puzzle - at least in the Euro-zone.


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