Exam (elaborations)
PUB2603ASSIGNMENT2 DUE 20SEPTEMBER 2023
- Course
- Creation of Wealth (PUB2603)
- Institution
- University Of South Africa (Unisa)
PUB2603ASSIGNMENT2 DUE 20SEPTEMBER 2023
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1, PUB2603 ASSIGNMENT 2 DUE 20SEP
Use public sector examples to discuss government action to reduce
unemployment
Title: Government Measures to Reduce Unemployment: Public Sector Examples
Introduction:
Unemployment is a persistent issue in many countries, and reducing it requires
government intervention. Governments worldwide have implemented various
measures in the public sector to combat unemployment. This essay will explore
different government actions, such as labor market policies, income support
programs, infrastructure investment, and support for small and medium
enterprises (SMEs). Two specific examples from the public sector, Germany's
Hartz Reforms and the United States' Work Opportunity Tax Credit (WOTC), will
be discussed to highlight successful government interventions in reducing
unemployment.
Government Measures to Reduce Unemployment:
2.1. Labor Market Policies:
Effective labor market policies play a crucial role in reducing unemployment.
Governments can implement job creation initiatives and training programs to
facilitate the transition from unemployment to employment.
2.1.1. Job Creation Initiatives:
Governments often establish programs that directly create job opportunities.
These initiatives can include public works projects, where unemployed
individuals are hired to work on infrastructure development, environmental
protection, or community projects. This approach has the dual benefit of
reducing unemployment while addressing important societal needs.
2
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