Does anybody have any notes for questions like this, please?
The question is "Discuss the effects of increasing unemployment on the Irish economy".
Any notes are much appreciated.
main thing to remember about this question is the word ECONOMY!!
think logically what will happen if unemployment increases:
1. governments costs will increase because more people are claiming social welfare. THIS IS BAD FOR THE ECONOMY AS THE GOVERNMENT WILL TRY RECOUP THE LOSS MADE ON MORE SOCIAL WELFARE BY INCREASING TAXES
2.people will have a lower standard of living. because theyre unemployed they arent receiving as much income. THIS IS BAD FOR THE ECONOMY AS THE GOVERNMENTS REVENUE IS DECREASING AS LESS VAT IS BEING PAID.
3.because unemployment is low more people will emigrate in search of work. THIS IS BAD FOR THE ECONOMY AS HIGHLY SKILLED WORKERS ARE LEAVING MEANING THERE WORKFORCE WILL BE LESS SKILLED CAUSING MULTINATIONALS TO NOT COME TO IRELAND.
4.crime rate will increase this is due to people having too much time on there hands and not knowing what else to do to keep them occupied. THIS WOULD HAVE A NEGATIVE IMPACT ON THE ECONOMY AS GOVERNMENT WOULD SPEND MONEY ON FIXING THE PROBLEM I.E CLEANING UP AFTER THE CRIME. THIS IS MONEY THAT COULD BE SPENT IMPROVING INFRASTRUCTURE OR BUILDING NEW HOSPITALS.
Hope this helps!! :)
any time :))