Unemployment and Possibly Inflation Which is a Symptom of an Ever-Increasing General Price Level

Authors

  • Agnes Lutheran. CH. P. Lapian Department of Development Economics. Faculty of economics and business, University of Sam Ratulangi Manado

DOI:

https://doi.org/10.51699/ajsld.v2i5.2096

Keywords:

Unemployment, ASEAN, Population Growth, Wages, Economy

Abstract

Manado as the capital city of North Sulawesi Province is not immune from unemployment problems. This problem does not just appear and give a momentary impact but also has an impact on problems that are often sustainable in the long term. In general, unemployment can be defined as a situation where a person belonging to the category of the labor force does not have a job and is actively looking for work. The method used is a scientific approach to economic decisions. This method approach starts from the data and then processed into valuable information for decision making. Wages are an acceptance as a reward from employers to workers. The monetary crisis that hit ASEAN member countries, has ravaged the economic structure of these countries. This inflation is caused by an increase in production costs caused by increases in input costs or production factor costs. If population growth is high, if it is not matched by an increase in economic capacity, it will reduce the welfare of a country's population. Wages are an acceptance as a reward from the employer to the workforce for a job or service that has been performed, stated or valued in the form of money determined according to an agreement or statutory regulations and paid on the basis of an employment agreement between the entrepreneur (employer) and the worker including benefits for both workers themselves and their families. This inflation is caused by an increase in production costs caused by increases in input costs or production factor costs. If population growth is high, if it is not matched by an increase in economic capacity, it will reduce the welfare of a country's population. Wages are an acceptance as a reward from the employer to the workforce for a job or service that has been performed, stated or valued in the form of money determined according to an agreement or statutory regulations and paid on the basis of an employment agreement between the entrepreneur (employer) and the worker including benefits for both workers themselves and their families. This inflation is caused by an increase in production costs caused by increases in input costs or production factor costs. If population growth is high, if it is not matched by an increase in economic capacity, it will reduce the welfare of a country's population. Wages are an acceptance as a reward from the employer to the workforce for a job or service that has been performed, stated or valued in the form of money determined according to an agreement or statutory regulations and paid on the basis of an employment agreement between the entrepreneur (employer) and the worker including benefits for both workers themselves and their families.

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Published

2023-05-31

How to Cite

CH. P. Lapian, A. L. (2023). Unemployment and Possibly Inflation Which is a Symptom of an Ever-Increasing General Price Level. American Journal of Science and Learning for Development, 2(5), 151–156. https://doi.org/10.51699/ajsld.v2i5.2096