Sample Psychology Paper on Jobs and Unemployment

Though unemployment fell even further to start 2020, the COVID-19 pandemic

subsequently led to skyrocketing unemployment. In late March, with the breakout of

the COVID-19 epidemic and the subsequent shelter-in-place and stay-at-home orders in

most states, job losses soared. By the end of May, more than 40 million Americans

had filed unemployment claims (Inanc, 2020).

Unemployment rates in Australia, Canada, and the United States from March to July 2020(Hensher, 2020). The graph above summarizes only but a few countries whereas the pandemic affects the whole world whereby the rate of unemployment is unfathomable, you can only imagine.

Unemployment has historically shown to have significant effects on individuals, their families, and the community. Research on the causal relationships between unemployment, physical illness, and mental health issues are ubiquitous. Unemployed workers were shown to be twice as more likely to feel psychological distress than their employed counterparts (Paul & Moser, 2009). As if that’s not enough, unemployment during the hard-pandemic period could be so unbearable to some due to the shortage of foodstuff and lack of income source. Additionally, one could also incur lots of stress. Without something to look forward to, it is not exact when the pandemic will be over; some could commit suicide hence the alarming suicidal rate.

Furthermore, the pandemic has led to slow economic growth due to stay-at-home policies. In some countries, the economy is barely growing, leading to workers’ layoffs in companies and even dismissal of others since the business or company has failed. As a result, some of the unemployed people can barely make mortgage or rent payments in time.  Not only will family incomes change because of increased unemployment, but health insurance coverage will change as well. For employer-based insurance, a job loss may mean losing revenue and health insurance (Blumberg et al, 2020). Losing insurance during a health crisis may instill more fear and trauma in a persons’ mind. If a family member happens to be diagnosed with the virus, the family may get more into debt since they’d be required to pay the hospital bill out of pocket without the insurance.

Losing a job can be a nightmare since I’ve seen my parents lose their jobs, and it was just unbearable for them, not knowing for sure their next move. In conclusion, the governments should be more ready for such viruses to curb the spread before it becomes a pandemic. Additionally, people should learn the importance of saving for worse days and learn to rely on multiple income sources. The school curriculum should focus more on financial education rather than the traditional education system.

References

Inanc, H. (2020). Breaking down the numbers: What does COVID-19 mean for youth unemployment? No. 3ba094f7d75b48dbb9b63e16a768cb7d). Mathematica Policy Research.

Hensher, M. (2020). Covid-19, unemployment, and health: time for deeper solutions?

bmj371.

Paul, K. I., & Moser, K. (2009). Unemployment impairs mental health: Meta-analyses. Journal

            of Vocational Behavior74(3), 264-282. doi: 10.1016/j.jvb.2009.01.001

Blumberg, L. J., Simpson, M., Holahan, J., Buettgens, M., & Pan, C. (2020). Potential Eligibility for Medicaid, CHIP, and Marketplace Subsidies among Workers Losing Jobs in Industries Vulnerable to High Levels of COVID-19-Related Unemployment. Washington, DC: Urban Institute.