Full Employment Abandoned
Okay, kiddo, did you ever watch ants? Ants are busy creatures and they always want to work, right? So, imagine there are lots of ants and lots of jobs to do. If every ant has a job, we say there is full employment.
Now, when it comes to people, it's kinda the same. We live in a world where people need jobs to earn money and take care of themselves and their families. That's why we work hard and try to get jobs that pay well.
However, sometimes things don't go well and there are people who can't find jobs even if they want to work. This is called unemployment. When there are too many people who are unemployed, it can be bad for the economy and the society. That's why we have policies and programs to reduce it, so people can find jobs and work.
But, there are times when the government may give up on the idea of full employment. Maybe they think it's too hard to achieve or that it's not worth it. This is called abandoning full employment. It means that they are not going to try as hard to create jobs or help people find work.
Now, this can have consequences. It may mean that some people will have a hard time finding a job and making ends meet. It may also mean that the economy may not grow as fast as it could, which can affect everyone.
So, it's important for the government to keep trying to achieve full employment and help people find jobs, even if it's not easy. Just like ants, we all need something to do, and work is how we contribute to society and live our lives.
Now, when it comes to people, it's kinda the same. We live in a world where people need jobs to earn money and take care of themselves and their families. That's why we work hard and try to get jobs that pay well.
However, sometimes things don't go well and there are people who can't find jobs even if they want to work. This is called unemployment. When there are too many people who are unemployed, it can be bad for the economy and the society. That's why we have policies and programs to reduce it, so people can find jobs and work.
But, there are times when the government may give up on the idea of full employment. Maybe they think it's too hard to achieve or that it's not worth it. This is called abandoning full employment. It means that they are not going to try as hard to create jobs or help people find work.
Now, this can have consequences. It may mean that some people will have a hard time finding a job and making ends meet. It may also mean that the economy may not grow as fast as it could, which can affect everyone.
So, it's important for the government to keep trying to achieve full employment and help people find jobs, even if it's not easy. Just like ants, we all need something to do, and work is how we contribute to society and live our lives.