The Trends of Labor Market In Bangladesh

Introduction
Unemployment is a great concern in Bangladesh. Every year hundreds of thousands student are coming out from college and university. Though it is one of the major responsibilities of the Government to provide job to those young generation but the Government is failed to meet the job demand among the large population. Only a tiny fraction of total jobless is managed by different government offices and private organization but a majority remain unemployed.
The economic recession causes loss of jobs due to a loss of demand for goods. People basically cut back to basics and eliminate the spending in ways that they can’t afford. They are cautious about over committing so as not to lose what they have. The recession promotes a tendency to save for many and not one of spending excessively. The economic model of the past was to produce all that you can and keep consuming as much as you can and it will all stay afloat (until it doesn’t- like now). So the great majority doesn’t spend and then sales drop and industry reduces its production proportionately. No Sales therefore No production, therefore no need for to give jobs. People are afraid and cautious so they don’t spend unnecessarily. It’s a negative growth cycle and a hard to break once it sets in.

One of major causes of unemployment is greedy and selfishness among some of our politicians, Lack of true democracy due to informal ethnic diversities, Bangladesh is bestowed with potential skilled leaders but social discrimination undermine the process of exercising this leadership. Further unhealthy leadership competition create gaps to unemployment where one leave the job employed in and failure to win put the same person to the hole of unemployment category. However lack of education contributes to unemployment status, also the issues of Gender inequality is another block that hinder one to access jobs based on cultural attitudes. Least but not last lack of Transparency among job adverts from N.G.O as well as Public services commission. People just don’t want to work they expect everything to come to them. Youths are unemployed which has given birth to many crimes which has lead to many innocent youthful loosing their lives, if we can stand up and fight corruption there will be no more cases of unemployment.
Background of the Research
This research is a partial requirement to our academic process. There are lots of issues surrounding us but we have chosen this topic as it is much significant to economic development of our country. The economy of any country largely depends on its proper utilization of human resource but in many of the cases this vital resource is not being used properly. The whole research will go through a Questionnaire session (survey) and then analyzing and interpreting those data based on some specific methods mentioned in the methodology part. The most possible relevant areas and issues will be considered while doing the research. The ultimate purpose of this research is to find some remedies in reducing the unemployment rate of our country.
Statement of the Problem
The whole research paper will be conducted based on some basic assumptions and concepts that will help us to complete the survey. Depending on the sample population we have made a series of Questions that will be discussed with the interviewee. The assumptions and study areas are as follows:
Unemployment results from insufficient effective demand for goods and services in an economy.
Regulations like minimum wage laws imposed on the labor market lead to unemployment.
Structural problems and inefficiencies in the labor market cause unemployment
Lack of education contributes to unemployment status, also the issues of Gender inequality is another block that hinder one to access jobs based on cultural attitudes.
Unemployment is under-reported because the government doesn’t include those who have dropped out of the workforce because they are so discouraged.
Unhealthy leadership competition create gaps to unemployment where one leave the job employed in and failure to win put the same person to the hole of unemployment category.
Least but not last lack of Transparency among job adverts from N.G.O as well as Public services commission.
Purpose of the Research
Broad objectives:
Broad objective of this research is to find out the major causes of unemployment and prospective solutions.
Specific objectives:
The specific objectives to help in explaining the broad objectives are as follows:
Highlighting the present situation of unemployment in Bangladesh.
Identifying the major causes of unemployment.
To analyze the effects of unemployment to our society and economy.
To compare the unemployment rate of Bangladesh with other Asian countries.
To suggest remedial measures for reducing unemployment rate in Bangladesh.
Significance of the Study:
This research paper will help the readers providing knowledge and experience about the following issues:
Present Scenario of Unemployment in Bangladesh and the rate of unemployment comparing to the other Asian countries and the World as a whole
Most studies have two potential audiences: practitioners and professional peers. Statements relating the research to both groups are in order. This paper will help in further detail and large research of the prescribed topic.
This paper will also be very much helpful in finding out the lacking behind the unemployment problem (Educational structure, Economic conditions, and the impact of our political actions).
It will also cover the impact of Unemployment to our society and Economy.
The Design-Methods and Procedures