Unemployment is a huge challenge many Australians face. Problem is that population is increasing rapidly and so is the demand of employment. The economy does not have enough jobs to fulfil this demand. Unemployment is not the problem of a single country, but whole world is suffering from it.
When there is over population in a country, it results to recession. Companies are not able to make good use of whatever resources they have and so they start firing their employees since we do not have enough resources to cope with the increasing demand. According to estimation, if population keeps increasing with the same rate soon there will be double the people than the number of jobs available.
Before the situation goes out of our hands, we need to immediately deal with it. There are many solutions to the problem of unemployment. One of them is population control. This is a good solution, but the problem is that it is not an immediate solution. Even if we start today it will take us many years to control the situation completely.
The truth is, in order to solve the problem caused by unemployment, entrepreneurship is the key. It can help you generate income and it can also help the employees you will be hiring. However, the question is, “is entrepreneurship right for you?”