Ways Of Reducing Unemployment During The United States

Ways to Reduce Unemployment Introduction With a unemployment rate of 5% and a population of about 326,079,646 people in the United States, there can be 163,039,823 people in the United states that are unemployed at a time There are many things that the United States government can do to reduce Unemployment. In order to reduce unemployment rate, the U.S. government should reduce minimum wage so that employers will have more money to pay for more workers, increase the number of long term construction jobs, and decrease the number of people that are outsourced from other countries. Some might argue that taking these actions could cause could cause poverty, increase death rates, and effect other country’s economies. Reducing the amount of jobs outsourced to other countries will cause product prices to skyrocket because labor in America is more expensive compared to other countries like china. Production prices in china a lot cheaper because of an overall cheaper labor cost because of less restriction on safety and health in factories. Production cost in china can cost about 96 cents compared to the U.S. with a production cost of $1.00, this may not seem like much but large companies can place orders to manufactures for millions of units at a time, meaning that 4 cents can decrease the company’s profits.(Bloomberg) China’s production cost are dramatically lower because of less strict regulations, but also because of a larger population that all need to be employed. If we were toShow MoreRelatedThe European Crisis Of Greece, Spain, And The United States1587 Words   |  7 Pagescrisis created unstable economic and social situations in many countries. The Eurozone crisis negatively affects Greece, Spain, and the United States. First, the European Union crisis elicited a health crisis in Greece. Second, the European Union crisis caused unemployment and stress in Spain. 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