Unemployed but making money on the side

The difference in this and walking dogs is that walking the dogs is an active task which requires more energy but is over more quickly. The site indeed is using volunteers to answer the questions. The only reason I listed it is because it is a legitimate site and way to make a few cents and I know our readers like a wide range of options when it comes to earning extra money. Start Your Own Photography Business.

Whether it’s starting your own business or working a part-time gig, here are a host of things you can do to earn the extra cash you need.

Demand side policies are critical when there is a recession and rise in cyclical unemployment. Fiscal policy can decrease unemployment by helping to increase aggregate demand and the rate of economic growth. The government will need to pursue expansionary fiscal policy; this involves cutting taxes and increasing government spending. Lower taxes increase disposable income e. If firms produce more, there will be an increase in demand for workers and therefore lower demand-deficient unemployment. Also, with higher aggregate demand and strong economic growth, fewer firms will go bankrupt meaning fewer job losses. Keynes was an active advocate of expansionary fiscal policy during a prolonged recession.

1. Work freelance

Why wouldn’t a person want to have a little extra money in his or her bank account? Having a little savings is stress relief. A person can pay down debt or save for something like a new vehicle or home. Thankfully, there are hundreds of ways for you to make some extra money on the side to supplement your full-time gig. Do you posses a specific skill-set? It could be anything from sharing legal advice, informing businesses on how to become more eco-friendly, or assisting startups on how to get off the ground.

2. Take online surveys

Demand side policies are critical when there is a recession and rise in cyclical unemployment. Fiscal policy can decrease unemployment by helping to increase aggregate demand and the rate of economic growth. The government will need to pursue expansionary fiscal policy; this involves cutting taxes and increasing government spending.

Lower taxes increase disposable income e. If firms produce more, there will be an increase in demand for workers and therefore lower demand-deficient unemployment. Also, with higher aggregate demand and strong economic growth, fewer firms will go bankrupt meaning fewer job losses.

Keynes was an active advocate of expansionary fiscal policy during a prolonged recession. He argues that in a recession, resources both capital and labour are idle. Therefore the government should intervene and create additional demand to reduce unemployment. The increase in output leads to firms needing more workers. Monetary policy would involve cutting interest rates. Lower rates decrease the cost of borrowing and encourage people to spend and unemployed but making money on the side.

In some cases, lower interest rates may be ineffective in boosting demand. In this case, Central Banks may resort to Quantitative easing. This is an attempt to increase the money supply and boost aggregate demand. See: Quantitative easing. Supply side policies deal with more micro-economic issues. Supply side unemployment includes:. Education and training. The aim is to give the long-term unemployed new skills which enable them to find jobs in developing industries, e.

At best it will take several years to reduce unemployment. Reduce the power of trades unions. If unions can bargain for wages above the market clearing level, they will cause real wage unemployment. In this case reducing the influence of trades unions or reducing Minimum wages will help solve this real wage unemployment.

Employment subsidies. Firms could be given tax breaks or subsidies for taking on long-term unemployed. This helps give them new confidence and on the job training. However, it will be quite expensive, and it may encourage firms to just replace current workers with the long-term unemployment to benefit from the tax breaks.

Improve labour market flexibility. It is argued that higher structural rates of unemployment in Europe is due to restrictive labour markets which discourage firms from employing workers in the first place. For example, abolishing maximum working weeks and making it easier to hire and fire workers may encourage more job creation. However, increased labour market flexibility could cause a rise in temporary employment and greater job insecurity.

Stricter benefit requirements. Governments could take a more pro-active role in making the unemployed accept a job or risk losing benefits. After a certain period, the government could guarantee a public sector job e.

This could significantly reduce unemployment. However, it may mean the government end up employing thousands of people in unproductive tasks which is very expensive.

Also, if you make it difficult to claim benefits, you may reduce the claimant count, but not the International Labour force survey. See: measures of unemployment. Improved geographical mobility. Often unemployed is more concentrated in certain regions. To overcome this geographical unemployment, the government could give tax breaks to firms who set up in depressed areas.

Alternatively, they can provide financial assistance to unemployed workers who move to areas with high employment.

Maximum working week. It has been suggested a maximum working week of for example 35 hours would lead to firms needing to hire more workers and reduce unemployment. Unemployed but making money on the side is really helpful!

Thank you so. I saw this at the right time as next week I will be seating for my exams. This explains the topic so. Thanks. Education and training to help reduce structural unemployment. Geographical subsidies to encourage firms to invest in depressed areas.

Lower minimum wage to reduce real wage unemployment. More flexible labour markets, to make it easier to hire and fire workers. Fiscal Policy Fiscal policy can decrease unemployment by helping to increase aggregate demand and the rate of economic growth. However, It depends on other components of AD.

Also, people may not spend tax cuts, if they will soon be reversed. Fiscal policy may have time lags. If the economy is close to full capacity, an increase in AD will only cause inflation.

Expansionary fiscal policy will only reduce unemployment if there is an output gap. Expansionary fiscal policy will require higher government borrowing — this may not be possible for countries with high levels of debt, and rising bond yields. In the long run, expansionary fiscal policy may cause crowding out, i. However, Keynesians argue crowding out will not occur in a liquidity trap. Monetary policy Monetary policy would involve cutting interest rates.

Also, lower interest rates will reduce exchange rate and make exports more competitive. Evaluation Similar problems to fiscal policy. Lower interest rates may not help boost spending if banks are still reluctant to lend. Demand side policies can contribute to reducing demand deficient unemployment e.

However, they cannot reduce supply side unemployment. Therefore, their effectiveness depends on the type of unemployment that occurs. Supply side policies for reducing unemployment Supply side policies deal with more micro-economic issues. Supply side unemployment includes: Frictional Structural Classical real wage Policies to reduce supply side unemployment 1. See: measures of unemployment 6. However, a maximum working week may increase a firms costs and therefore they are not willing to hire.

Also, there is no certainty a firm will respond to a cut in hours by employing more — they may try to increase productivity. Those with wrong skills will still face same problem. Video on policies to reduce unemployment Related Causes of Unemployment The unemployment problem Inflation v Unemployment. Thanks this is helpful and awarding us great knowledge in economics Reply. Leave this field. Our site uses cookies so that we can remember you, understand how you use our site and serve you relevant adverts and content.

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1. Consult/Coach

You could sell unwanted or unused items on eBay or Craigslist; donate blood or plasma; rent out a bedroom or parking space; or just go out and land a part-time gig. If you come in offering the service for half of that, then you can easily score some business and keep a tidy profit. The way to do that is by joining a few dozen legit panels so you can have access to a lot of paid survey opportunities. We are going to list a lot of great ways that you can make money without working a traditional job. Cathy, most of the sites mentioned in this list are for extra income. If you want to violate state and federal laws in the United States, or endanger clients, please, feel free to poke your hands and fingers into contra-indicated areas of the body. Finding the job you need, when you need it, does not have to be hard. However, if you want to get your foot in the door, you should always start with friends and family. Yes, you can get free money from the hundreds and thousands of class action lawsuits that are brought on companies every year. I began by blogging and making money on the site.