unemployment in bangladesh: challenges and prospects

Unemployment in Bangladesh:Challenges and prospects

Unemployment is one of major problems not only underdeveloped countries but also for many developed countries. As a developing and over populated country thousands of people are remain jobless in Bangladesh. Every year a huge number of students are coming out from colleges and universities. Though it is one of the major responsibilities of the Government to provide job to those young generation but the Government is failed to meet the job demand among the large number of educated young generation.

Conceptual framework of Unemployment

Unemployment may be defined as a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work. Unemployment occurs when a person who is actively searching for employment is unable to find work.

A.E. Waugh: “An unemployed person is one who is able to find work for which he is qualified, under condition that are reasonable as judged by local standards.”

Nature of unemployment

Unemployment means the state of being without any work both for the educated and uneducated for earning one's livelihood.

Unemployment denotes a condition of joblessness.

Any body who fails to work may be considered as being unoccupied

Types of unemployment

(1) Seasonal (2) Frictional (3) Disguised (4) Structural (5)Cyclical

(6)Technological (7) Visible or open (8) Educational (9) Female

Present Scenario of Unemployment In Bangladesh

toughest task manage a job.

Hundreds of candidates swarm over a single post.

manage a job is tedious and humiliating

unemployment growth rate  was 1.9 % in last decade (ILO)

growth of unemployment currently is 3.7 %.(ILO)

number of unemployed  now is estimated at 30 million.

reaches 60 millions within 2015.

2.7 millions are becoming eligible for jobs.

0.7 millions are getting employment.

Why unemployment ? Lack of skills Lack of available jobs Lack of entrepreneurship Rapid Population Growth Limited and Fragmentation of Land Seasonal Agriculture Decline of Cottage Industries industries look for the skilled candidate

only Lack of capital and technology

Impact of unemployment

Poverty Increase in social evils Increase rate in Crimes Frustration and mental stress Loss of Human Resources Exploitation of Labor Lower Standard of living Economic inequality increases Burden of family

Ways to minimize Emphasize on vocational and technical

education Change educational system Reduce discrimination in getting job Ensure job opportunity Human resource development Revival of small and cottage industries Encourage self employment Control Population Explosion Export skilled man power

Unemployment is a complex and acute problem for Bangladesh and other third world countries. Prime Minister Sheikh Hasina has declared to minimize the unemployment rate by the year 2021. Government had already undertaken for employment generation to remove the curse of unemployment.

Is it life ?

Thank You All