Supply-side policies for unemployment, Managerial Economics

Assignment Help:

Supply-side policies

Supply-side policies are intended to increase the economy's potential rate of output  by increasing the supply of factor inputs, such as labour inputs and  capital inputs, and by increasing productivity.  They include:

  1. Increasing information dissemination on market opportunities.
  2. Reversing rural-urban migration by making rural areas more attractive and capable of providing jobs. This particularly is the case in developing countries where rural-non-farm opportunities offer the longest employment opportunities.
  3. Changing attitude towards work i.e. eliminating the white-collar mentality and creating positive attitudes towards agriculture and other technical vocational jobs.
  4. Provision of retraining schemes to keep workers who want to acquire new skills to improve their mobility.
  5. Assistance with family relocation to reduce structural unemployment. This is done by giving recreational facilities, schools, and the quality of life in general in other parts of the country even the provision of financial help to cover moving costs and assist with home purchase.
  6. Special employment assistance for teenagers many of them leave school without having studied work-related subjects and with little or no work experience.
  7. Subsidies to firms which reduce working hours rather than the size of the workforce.
  8. Reducing welfare payments to the unemployed. There are many economists who believe that welfare payments have artificially increased the level of unemployment.
  9. Reduction of employee and trade union rights.


Related Discussions:- Supply-side policies for unemployment

Costs of unemploment and inflation, COSTS OF UNEMPLOMENT AND INFLATION   ...

COSTS OF UNEMPLOMENT AND INFLATION   In  an  economy  both  unemployment  and  inflation  have  adverse effects  and policy makers  formulate policy instruments to contain both

The effects of globalization on indian industry, Indian industry has progre...

Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.

Elasticity.., elasticity concepts occupies a central place in policy formul...

elasticity concepts occupies a central place in policy formulation explain in details

Monetary theory, Monetary Theory We have seen that Schumpeter theory wh...

Monetary Theory We have seen that Schumpeter theory which runs in terms of innovations and technical change, is at best an incomplete explanation of trade cycle . there are eco

Williamson model of managerial discriation, how equilibrium output can be...

how equilibrium output can be find in williamson model

Production function with one variable input, explain production function il...

explain production function illustrate production with one variable input

Maximisation model, write a note on marris growth maximising model?

write a note on marris growth maximising model?

Regressive tax, REGRESSIVE TAX A tax is said to be regressive when its...

REGRESSIVE TAX A tax is said to be regressive when its burden falls more heavily on the poor than on  the rich.  No civilized government imposes a tax like this.

Free trade, free trade promotes a mutually profitable regional division of ...

free trade promotes a mutually profitable regional division of labour greatly enhances the potential real national product ofall nations and makes possible higher standards of livi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd