Editing Unemployment (section)

====Social====
[[File:Dyfiharipadarally (32).jpg|thumb|Demonstration against unemployment in [[Kerala]], [[South India]], [[India]] on 27 January 2004]]
An economy with high unemployment is not using all of the resources, specifically labour, available to it. Since it is operating below its [[production possibility frontier]], it could have higher output if all of the workforce were usefully employed. However, there is a tradeoff between economic efficiency and unemployment: if all [[frictional unemployment|frictionally unemployed]] accepted the first job that they were offered, they would be likely to be operating at below their skill level, reducing the economy's efficiency.<ref name="autogenerated1">{{cite web|url=http://www.daviddfriedman.com/Academic/Price_Theory/PThy_1st_Edn_Ch22/PThy_1st_Edn_Chap_22.html |title=Price Theory: First Edition, Chapter 22: Inflation and Unemployment |publisher=Daviddfriedman.com |access-date=27 July 2011}}</ref>

During a long period of unemployment, workers can lose their skills, causing a loss of [[human capital]]. Being unemployed can also reduce the [[life expectancy]] of workers by about seven years.<ref name="autogenerated2"/>

High unemployment can encourage [[xenophobia]] and [[protectionism]] since workers fear that foreigners are stealing their jobs.<ref>{{cite journal |last1=Steininger |first1=M. |last2=Rotte |first2=R. |year=2009 |title=Crime, unemployment, and xenophobia?: An ecological analysis of right-wing election results in Hamburg, 1986–2005 |journal=Jahrbuch für Regionalwissenschaft |volume=29 |issue=1 |pages=29–63 |doi=10.1007/s10037-008-0032-0 |s2cid=161133018 }}</ref> Efforts to preserve existing jobs of domestic and native workers include legal barriers against "outsiders" who want jobs, obstacles to immigration, and/or [[tariff]]s and similar [[trade barrier]]s against foreign competitors.

High unemployment can also cause social problems such as crime. If people have less disposable income than before, it is very likely that crime levels within the economy will increase.

A 2015 study published in ''[[The Lancet]]'', estimates that unemployment causes 45,000 suicides a year globally.<ref>Sarah Boseley (11 February 2015). [https://www.theguardian.com/society/2015/feb/11/unemployment-causes-45000-suicides-a-year-worldwide-finds-study Unemployment causes 45,000 suicides a year worldwide, finds study]. ''[[The Guardian]].'' Retrieved 13 February 2015.</ref>