We often heard someone say, "I’m unemployed, I’m jobless, I get low paid, I failed my interview, I can’t recruit an ideal candidate, all the best candidates are taken, young people are irresponsible, the old worker is unproductive, the employee is asking for more, etc." Is this true? There are a lot of different opinions from different individuals, but we should not be judging. Instead, we should look for the reason why this happens.
Unemployment Rate: How Many People Are Out Of Work?
According to the most recent United Nations population estimates, Malaysia now has a population of 33,066,776 people. It is an increment of 1.30% from 2020. The workforce is the total number of people employed and unemployed. 4.2% (680,400) of Malaysia's workforce is unemployed.
Not only have many businesses fallen on hard times in the last few years due to COVID-19, but fresh graduates and experienced workers are also facing difficulties in getting hired and maintaining their jobs. Other than the downsizing of companies or the candidate being too picky, there are also a few reasons why they face difficulty in getting a job. Moreover, there are a lot of negative impacts as a result of the high unemployment rate. For examples,
Negative Impacts Of Unemployment
- Mental Health
People's mental health might suffer, including stress, depression, self-doubt, anxiety, and a decreased sense of self-worth when they are dealing with the pressure of being unemployed. They will have emotional instability when their family urges them to get a job and relatives nag them about why they are still jobless. Their feelings of helplessness arise when they are unable to participate in or contribute to family life.
- Purchasing Power
Purchasing power increases as income increases. Almost everything in this world is made possible only by the influx of monetary resources. Money cannot buy happiness, but there are many things you cannot enjoy if you do not have it. Money is essential to our survival. Not only we are not able to enjoy a better life, we can't even buy the basic living necessities, such as food, shelter, medical care, and clothing.
- Economy & Society
When unemployment is high, it suggests that the economy is underperforming and inefficient. The economy will suffer as a result of a lower GDP. If the economy is running at less than full capacity, it will produce less and earn less money. Unemployment will also lead to a poor economy and a high poverty rate. It is the crucial factor that motivates criminal intention.
- Manpower Resources & Skills
The valuable human workforce is being squandered. People who were once an asset to the economy have now become a liability due to the shortage of job availability and the high unemployment rate. Unemployment for an extended period of time erodes skills. It's because they hadn't been practicing the skill for a long time. They may be slow and not come in handy, even with just the basic skills.
"Practice makes perfect. After a long time of practicing, our work will become natural, skillful, swift, and steady." - Bruce Lee
Taking A Job Just For The Money Is A Bad Idea
It doesn't mean that you should not accept a job that offers a high salary. Instead, we should not look for a job solely for the sake of money. Why do I say so? Finding good-paying work sounds great, but there are a few other aspects to consider as well. Some high-paying jobs can use up to 80 hours of work per week with no support staff and a harsh boss.
Dr. Stacie Freudenberg, a psychologist, says that stress releases a hormone named cortisol, which can lead to a variety of health concerns like heart problems, memory loss, and even difficulty sleeping. Anxiety, despair, and a general lack of contentment can all develop as a result of untreated conditions. Slowly, you will hate your job and doubt your choices. What's the point of doing something you hate, like fighting a war that damage your health every day?
"Go for excellence, master your skills, money will automatically come to you." - Anirudh B
You won't be able to perform at your best if your job pays well but doesn't satisfy your individual needs. There are several ways to earn a high salary that meets your specific requirements, such as getting a gig job from CollaTeam.
Stay away from the title of unemployed and get a job now at https://colla.team/blog or contact us at https://wapp.my/60189782066 for more info.