And Their Societies Walter Fritz Unemployment - Causes and Solutions Unemployment levels are increasing dramatically in many parts of the world. The permanently unemployed have no income, and many choose the alternative of income by crime.
Unemployment is an unbalance between the supply and the demand of working hours.
We all know that the efficiency of all types of machines is increasing yearly. We need fewer people to produce the same goods. Work time has been reduced in the past 200 years from about 12 hours a day to less then 8 hours per day and the working week from 7 days to 5. We also know that what is abundant has low value. The main reason for the high level of unemployment is technological progress.