Fighting unemployment in Lebanon
“Am I worthless? Will I be able to get a job? What to do next?
How frequently do we hear those words in our daily lives?
One of the most painful situations is losing a job. Unemployment is a significant problem that impacts a person’s mental health, society, and the economy.
According to the survey results, Lebanon’s unemployment rate increased from 11.4% in 2018-2019 to 29.6% in January 2022, indicating that almost one-third of the active labor force was unemployed in January 2022.
After analyzing the data provided by the World Development Index, it turns out that unemployed Lebanese have advanced education since it is at the top of the list for unemployment among countries with advanced education and not one of the top unemployed countries with basic Education.
However, the most difficult achievement is fighting unemployment. I recommend funding emerging ideas and small businesses through innovative fundraising campaigns promoting self-employment. The article “VALUATION OF CROWDFUNDING: BENEFITS AND DRAWBACKS” explains the innovative and relatively new idea of crowdfunding, which links investors and business owners. Gaining a deeper understanding of crowdfunding could be useful for entrepreneurs choosing a way to raise capital and investors seeking different investment opportunities that would increase employment in Lebanon.
