Unemployment

Unemployment With many of today’s companies looking for ways to save money and increase profits we are seeing an increase in the number of unemployed. Companies are looking to cut costs and employees are a major expense for a company. Not only does a company have to pay the wages of a worker, but the company must also match the Social Security and Medicare payments. Another expense of employers is medical insurance; even if the companies have its employees contribute to the cost of their benefits, it still does not offset much of what the company still pays. With the increasing costs to a company they are looking at moving jobs to countries where it’s able to pay workers a lower wage. An example of this would be an American company moving it manufacturing facilities to Mexico. Another reason would be the use of labor saving automated equipment. Companies are using more computers and robotics instead of human labor. By automating more of their operations companies are increasing productivity and profits but at the same time they are contributing to the rise in unemployment. The importing of goods into the country also contributes to unemployment, companies, jobs, company, people, increase, social, insurance, force, country, community, another, work, wages, wage, products, must, looking, labor, even, employees, costs, cost, benefits, workers, willingly, unemployed, services, profits, produced, pay, out, others, moving, medical