The document discusses several factors contributing to unemployment including political unrest, globalization, technological innovations, and rapid shifts in global markets. It notes high unemployment especially among youth and long-term unemployment. Other issues mentioned are flexible contracts making firing easier, fewer people retiring, and more use of temporary/contract workers. Potential solutions proposed include retraining workers, promoting entrepreneurship, improving education to match skills with market demands, and creating flexible labor markets and benefits to keep people working.

2.  Political unrest
 Massive numbers of unemployment
 Increasing disparity between people
 Long-term changes in the world economy due to
Globalization and technological innovations
 Rapid shifts in Global Markets
 Structural Reforms required
 Implications of mass migration make it improbable
that governments, especially in rich countries, would
unconditionally open their doors.

3.  High unemployment especially in the young people
 Long term unemployment and joblessness has
increased
 Flexible contracts making it easier to fire entrants
 No. of people not in employment, education or
training has increased
 Older people are less inclined to retire
 People are less inclined to move home to find work
 Firms are relying more on part-time, contract and
temporary workers who are inherently more flexible

4.  CSR : Zappo is trying to improve downtowns of Vegas to
attract people
 Competition Policy and Business: companies like
Google is offering high incentives to compete with
companies like Facebook
 Culture: Zappo is trying to establish a new workplace
culture by encouraging workplace dating
 Globalization: it is creating across the board
shortage of people with skills.
 Outsourcing : emergence of outsourcing firms
like Infosys and Wipro in countries like India

5.  Reducing working hour rather than firing
 Conservative Liberal Democrat-tough love
 Restart the closed infrastructures despite thinking
of the cost
 Increase FDIs so corporate tax will be gained
 New education system and training is advised.
 Promote and invest in entrepreneurship
 Without engaging government in
entrepreneurship reducing unemployment is not
possible.

6.  People want jobs worth doing.
 Mismatch between skills available and skills
demanded in the market .
 Misguided educational choices

7.  Government can:
› Change useless graduates into useful ones
› Create the right environment to promote
businesses to invest
› Sensible regulation of competitive or marginal
tax rates
› Creating flexible labour markets
› Provide benefits and try to keep people working
 People should brush up their skills to ensure
future employment.

8.  Need for the latest techniques
 Better marketing & broader ranges of jobs have to be
aimed
 Use social media tools to find job opportunities
 Linda Gratton “serial mastery” system is required:
› Build a posse- as future successful worker will live in clusters
of talented, open-minded people
› Create big ideas crowd- to create thought-provoking
conferences
› Create regenerative community to maintain emotional capital
 Acquiring new expertise every few years if they want to
be part of the lucrative market for scarce talent

9.  Company’s desire- maximum productivity
 Globalization & technology increases productivity
 Reduce costs & increase profits= higher
unemployment
 High supply of labour, low demand- thus lower wages
 MNCs acquire cheap resources, earning them huge
profits
 Disparity between rich and poor increases
 MNCs pay taxes so the economy of countries with
MNCs improves.
 Increase in household incomes resulting in increase of
consumer goods

10.  Change ineffective graduates into valuable ones
 Governmental embargo on outsourcing
 Mandatory percentage of people in factories
 Age limit for workers with promised benefits
 Screen out information online
 People have to constantly improve skills, use
latest technology
 Provide enough freedom to employees
 Provide a balance between family and work life
through flex timings
 Incentives recognizing contribution is important

11. “Each of us must work for his own improvement, and at
the same time share a general responsibility for all
humanity.”
– Marie Curie