The Problem, Unemployment, And Social Issues - 938 Words

In contemporary China, the flourish economy is of great benefits to many industries such as agriculture, urban housing, taxation and medical care, GDP have a buoyant trend at 7.5%, which causes a spurious fact that too many job opportunities can be created by the enhancement of living standard. However, the statistics from World Bank shows that the GDP of China have a slow upward on economy growth in the past decades, which from 11.4% to 7.4%, the year between 2007 and 2008 dramatically in particular. The inflation (consumer prices) also depicts ongoing slumping trend during the period, hit bottom at -0.7% in 2009.All the truths give rise to a fact that the many job opportunities are exploited by cutting down the number of workers, close-down of small industries and so on. In this paper, I detail the real problem, unemployment, occurred in China and evaluate the effectiveness and efficiency of one strategy taken by government. The social problem comes from controversial social condition and consensus social issue, the origin and affect of social issues is itself (Charon, 2001). According to world development indicator, the unemployment rate, defined as percentage of unemployed workers of total labor forces, has steadily decreased from 4.2% to 4.05% between 2005 and 2015, but it is much higher than government says it is. So the type of unemployment can be found to analyze the reason why unemployment is serious problem in China. Mark Thoma briefly explain that structuralShow MoreRelatedHow Capitalism Contributes Towards Unemployment Essay1650 Words   |  7 PagesThis business proposal will address the idea of unemployment as a social problem in today’s society. How capitalism contributes towards unemployment is an issue that has been around since the 2007 recession and continue to be an issue for the foreseeable future. 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