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Economic Indicators of Unemployment

 

Some people say it's an economical issue whilst others say it's a social issue. Information from an online debate shows that 29% of the debaters think it is an economical issue whilst the other 71% says it is a social issue. A social issue is a problem that arises within a community and usually contains two sides to the problem. The 'for' side and the 'against' side. An economic problem is one faced by the human society where there are insufficient resources available to fill the desires of human beings. Only some people think that unemployment is an economical issue because the more people that are unemployed the less tax is being paid which means the capitals gross domestic product (GDP) and growth of the country as a whole would be smaller. Why do so many people think it is a social issue? They think it is a social issue because the government keeps extending benefits for the unemployed and the unemployed will continue to accept the benefits without really looking for a job and this is unfair on the working people who pay taxes. £8,819.088,000 502bn of Britain's taxes are spent on the unemployed. Compared to £252,681,160 being spent on our fire brigades.
             One of the aspects that affect unemployment is the benefit system. Benefits are a payment scheme made by the Department of Work and Pension (DWP) as part of Social Security and paid out by the council for someone entitled to receive it. In order to receive benefits a person has to be either unfit to work due to health issues, if they cannot find work due to other circumstances and if they have children under 19 single and working part time. As easy and simple as that may sound, there are other requirements that have to be met and many people misuse benefits to stay out of work. .
             Take Cheryl Prudham for example, she is a mother of 11 who claims approximately £38,000 in benefits per year. She claims this through child benefit, tax credits and housing benifis.


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