Page 75 - DECO303_INDIAN_ECONOMY_ENGLISH

Indian Economy

Notes They would also be capable to give employment to a few more people if they turn into
entrepreneurs. We must accomplish by stating that at joblessness subject must be attempted
with supreme care and significance as it has previously supposed alarming proportion in the
social and economic scenarios of our nation.

Did u know? Kerala has the highest rate of employment.

Caselet Unemployment, Job Aspiration and Migration: A Case
Study of Tangkhul Migrants to Delhi

he high level of unemployment and limited job opportunities in Manipur amidst
the social and political unrest are the major factors that compel migration into
Tmetropolitan cities. Migration to Delhi, despite social discrimination and other
problems, shows the gravity of unemployment from Manipur in general, and the
Tangkhuls in particular.
Introduction
Unemployment denotes a condition of joblessness and the existence of a reserve labour
time available for utilization. The unemployed are out of work full-time and are seeking/
available for work. But the terms seeking/available for work are hard to define. Person
may be available for work next week, or tomorrow, but not today.
The existence of educated unemployment is attributed to the too literary character of
education. Educated unemployed are those persons who have attained an educational
level of secondary and above and attained age of 15 years or above and are seeking or
available for work.
Young people who had prolonged their studies for a longer period were more likely to
have higher aspirations. Young people have become more ambitious and better qualified,
while their employment opportunities have narrowed.
Moreover, Blaug, et al has mentioned that there has been a “widespread and persistent
upgrading of minimum hiring standards in India.”
This suggests that the better educated must, after varying periods of unemployment during
which aspirations are sealed downward, take jobs requiring lower levels of education.

Over a period of time, the young job-seekers adapt to the nature of the labour market
faced by them and adjust their aspirations and work preferences. Individual’s job preference
is influenced by income expectation, location of proposed employment, nature and status
of the job, short-term and long-term prospects, etc.
Unemployment rate falls as the person grow older due to the increase in economic
responsibility. Normally the youth who are educated can remain unemployed by
depending on family income. Puttaswamaiah ascertained that educated unemployment is
presumably a consequence of the general impression among the public that investment in
education by an individual should yield are turn in terms of remunerative job; search of
job suited to the particular type of education received; and decline in acceptance of job
other than office jobs.
Contd...

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