Tag: Tertiary Industries

When The Economy Speaks … Reversing National Unemployment Statistics

by sheilasingapore

When a country says it has a 20% unemployment rate, multiply that by three times to determine the rate that is closer to what could be happening on the ground for the country. These include other than those who are actively seeking work or discouraged work seekers, those who would chose not to work as well as those who are not active economically. They are barely able to create jobs for themselves, much less others. Determine what that number looks like for your country. Derive policies based on those numbers. It will become difficult to go wrong from there.

Newspaper Column #2: Is unemployment, the real problem? The story of Demand for Labour – Part II

by sheilasingapore

As it appeared in the Sunday Standard, Botswana on  Sunday Oct 28, 2012 edition. Supply of Labour Industries (be they by locals or foreigners) do not exist for the sole purpose of employing citizens.  Hard as it may be to accept this point, it really is not that difficult to see the reason. What is harder to see … Continue reading Newspaper Column #2: Is unemployment, the real problem? The story of Demand for Labour – Part II