Unemployment through Mind Mapping

Challenge:

Unemployment is the major issue in India and it is very difficult to find a decent paying job in India due  to ruthless competition which is in fact the effect of very high population. But we need to identify the  causes and solutions to unemployment in India so that a son of farmer also can find a job and led a  satisfactory life

Selection of Mind Mapping tool:

Unemployment is a challenge that needs to analyzed from many people’s perspective and come out  with different solutions. Mind mapping is a good tool to start and carry out the analysis of the problem  of unemployment. The branching aspect of Mind Mapping tool gives us the visualization of what are the  factors that are affecting the problem and simultaneously could be linked to other causes, effect or  solutions right away on the same sheet of paper.

Application:

1.First we name and visualize the problem and its effects:

2. Analyze the potential solutions to the problem, while still visualizing its effects

3. Structure the information related to causes, effects and solutions

4. Point out the relationships between causes and effects in order to identify the best solution

1.Homelessness

2.Low Self-Esteem

3.Increased Taxes

4.Increase in

poverty

5. Decrease of  Productivity

Main Effects Unemployment

Insights:

So one solution we can gather from this mind map is Increased competition could be reduced by  focusing on vocation skills of population and starting training courses for the unemployed. If we see the  current scenario the government of India is doing the exact same thing with their Skill India Mission  which provides training to the unemployed people and provides vocational skills.

More detailed version of each heading is provided below:

Types

Frictional

Short term unemployment: people who are between jobs

Structural

Causes

Inflation

Increases Competition

Migration

Health Problems

Effects

Poverty

Depression

Low Self-Esteem

Low Productivity

Homelessness

Solution

training courses

for the

unemployed

Focus on

vocational skills

Govt. Support for

businesses

Improvement in

education of  young people

Creation of

support groups

Unemployment

This is caused by structural changes in demand for a good or service

Cyclical

People are not buying enough goods and services to employ the available workforce

Seasonal

This refers to unemployment that is due to changes in the season

Regional

This is unemployment that exists particularly in one area

Technological

This is largely due to the advance in technology, being able to replace to work of human labour

Causes

Occupational immobility

the person does not have the skills required for the job despite having some level of qualificatoin  or experience in another job

Geographical immobility

it is when the person with the tight skills cannot get the job because it is too far from their home  and family commitments

Effects

Individuals

less purchasing power  No income  Lower demand for goods and services  Income effect  Substitution effect  Shoe-leather effect  Increase in demerit consumption  Poorer health

Producers

Increase in revenue  Lower demand for goods and services  Lower wages, increase in supply, decrease in cost and an increase in profit  Increase in capital  Loss of human capital investment

Government

Less direct and indirect tax  Public housing  Healthcare  Riots  Brain drain. people go abroad

Solutions

Fiscal

Subsidies for education  Subsidies for training programs  Transport subsidies  Job centers

More universities  Government subsidies to increase demand for workers

Monetary

Lower interest rate so people can borrow money easier  Increase money supply

Regulation

Rise in the school leaving age, more education so an increase in skills  Increase in the max working hours

