1)Decrease in train If on that point is a decrease in contract, it will cause a reduction in the equilibrium price and sum of a good, hence, this will lead to a reduction of employees as lower demand requires lesser of supply. Decrease in demand will also lead to a decrease of income repayable to changes in peoples taste or others cheaper substitute like replica products. As all the supply/products is green groceries due to consumers demands hence if lesser demands it will lead to lesser production and fewer workers is required.
Example: A company arouses green shampoos per day and it requires 10 workers to assist the production line, if the demands dropped, the company great power produce 300 shampoos lesser per day and if only 700 shampoos is produce per day inadvertently, the workers needed will be lesser
Decrease in demand ? reduction of equilibrium price & quantity of a good ? Lower income for the company ? reduce of labour workforce
2) affix in foreign workforce/foreign talents Singaporeans Mentality is the major cause of the increase in trade foreign workers as Singaporean are pampered and degrees holder are filled the streets, not many would want to do plastered jobs like labour related or labour intensive jobs. Hence, government have to import foreign talents to fill the stead and this will leads to more(prenominal) unemployment as there are lesser jobs for the local. Companies would rather to employ foreign workers than Singaporean because Singaporean expects high salary than the foreign workers as this will lower the expenses of the company. If to the highest degree of the companies employ foreign workers, there will be a big increase in unemployment.
3)Focusing too frequently on an industry that is declining If industries that are declining are heavily tough in one area, this will make people more difficult to find new jobs as investors saw that there is a increase in the demand for...If you want to fill a full essay, order it on our website: Orderessay
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