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How to address unemployment?
Unemployment is a major cause of poverty in the world. It is also highly under reported in official statistics. Further more, it is not just unemployment but also under employment which needs to be addressed. It needs a comprehensive plan.
There are many sectors which have a great potential for generating employment but it needs planning and proper execution.
It needs enhancement in education and skills training programs.
Agriculture sector has huge potential to generate employment which needs to be tapped.
State needs to set up industry, cooperative farming and businesses which can employe people
Setting up local state owned and/cooperative banking can be used to provide small loans on easy terms for entrepreneurs
Education system should be linked with market needs
Those who become unemployed due to technology should be retrained according to market needs.
And if state cannot ensure employment, it should provide unemployment benefits.
