What Would Happen if There Were No Jobs Left?

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Throughout history, we've seen a series of countries go through economic collapse which resulted in lack of employment and fierce competition for any jobs that were left. This relates to our current situation right now, as coronavirus has hindered many from going to work. Let's take a look at the events in history and how it mirrors what we're going through right now.

The Great Depression (1929-1933)

The Great Depression was a major economic collapse that started in America as a result of the Wall Street Crash. The Wall Street Crash was an event where stocks were plumemting to extremes, to the point where billions of dollars were lost. This meant that people filed for unemployment (at it's worst point 15 million Amerians lost their jobs), life saving accounts vanished and banks were no longer in service. People had to move out of their city to find jobs elsewhere, usually in the field of farming and agriculture, even though most had never even stepped foot in a farm before. Daily life for these workers would be moving constantly for new opportunities, finding temporary shelter and trying to survive. These workers laboured in the blazing sun for hours just to earn a meal at the end of the day.

Asian Financial Crisis (1997)

The Asian Financial Crisis was the collapse of the currency exchange rate which affected East and South East Asian countries (Thailand, Japan, Philippines etc). This event caused the decline in income and increased poverty rate which was bad for the wellbeing of citizens. For example, families pulled children out of schools, reduced meals, or avoided medical treatment. It badly affected mental health because there was a sharp increase in suicide mortality in these countries, and that these increases were most closely associated with rises in unemployment.

Coronavirus (2019-)

It's almost been a year since this virus first impacted us and we all know how badly it has affected everyone globally. The NHS has been overwhelmed with more patients coming in each day, maybe even some of our parents lost their jobs etc. According to the BBC, "a total of 81% of the global workforce of 3.3 billion people have had their workplace fully or partly closed.". Some effects of this pandemic include deaths, unemployment and not being able to leave our houses. It has been hard to return back to "normal" because we have to be cautious everyday.

I've put together the timeline of events above to show you when times were so difficult for the countries financially, there were almost no jobs left. Looking at the pattern of the impacts, I think if there were no jobs left, it would lead to financial crises and more human suffering. For example, not enough money for food, housing would be harder to have access to and life would be more about survival than enjoyment. I think that many people across the world would go through hardships and try to get jobs that they might have no knowledge in experience in like in The Great Depression. We should look back at history and these events to see how we could change the way the world is to avoid it from happening again.

In the comments below, what do you think would happen if there were no jobs left?

comfortable_chemistry

Comments (11)

  • tom Tom @ the BNC
    09 Nov 2020

    Can you give us the websites you researched for this post, comfortable_chemistry? Then, we can all find out more about this global events that have had such an impact on jobs. It's a great question. Do you think this possibility will ever come true in the future - not necessarily down to a global catastrophe, but by the development of how the human race lives?

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    1. Michael-Faraday-logo-250x250.jpg comfortable_chemistry | Michael Faraday School
      Tom @ the BNC's comment 09 Nov 2020

      I do believe there is a chance that there will be lack of jobs left in the future because of human development. I think this because there have been a number of inventions throughout the years that have helped humans do work easily and more accessible. For example, the first computer invented was introduced to the world on Feb. 14, 1946. It was called the ENIAC (Electronic Numerical Integrator and Computer) which was the first general-purpose electronic digital computer. But there was a downside - it took days to rewire the machine for each new problem, it was heavy and massive. It cost the government $400,000 and it even took up 15 x 9 metres of space! Nowadays, we have computers and laptops at offices, which are quicker to use and have more uses. If we were able to come this far in technological advances, who else knows what will come in the future? Perhaps robots/machines will replace humans in jobs?

      Here are the links I used for my research on my original post:
      https://www.britannica.com/event/Asian-financial-crisis
      https://corporatefinanceinstitute.com/resources/knowledge/finance/asian-financial-crisis/
      trend_analysis_for_Japan_Hong_Kong_South_Korea_Taiwan_Singapore_and_Thailand
      https://www.history.com/news/life-for-the-average-family-during-the-great-depression
      https://www.bbc.co.uk/news/business-52199888

      comfortable_chemistry

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      1. Olivia-Avatar.jpg Olivia @ the BNC
        comfortable_chemistry's comment 10 Nov 2020

        Great research - can you give some examples of how these advances have helped to make jobs easier and more accessible? This would help to support your point of view with real-world examples.

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  • Cheam Common logo wondrous_orca | Cheam Common Junior Academy
    09 Nov 2020

    I think if there were no jobs left then no one would be able to survive. Suppose the bank just started printing money and gave a million pounds to everyone to end poverty forever. Who would work? Then if you go to buy something, all the shops would be closed because people are rich so they have stopped working. This leads to the fact that humans are social creatures and without others' jobs we won't survive. So even if everyone except for you had lost their jobs, you won't be able to survive. After reading about the Asian Financial Crisis, I realised how important a job is for welfare- without jobs you won't be able to afford check-ups and the stress of not earning money is probably tearing you apart. Did you know lots and lots of farmers suicide every year because of lack of money? People pay very less money to farmers despite all the hardwork they do. Wholesalers make more money than the farmers when they sell the resources they bought to the retailers when they just have to negotiate, buy and sell. Summing up, some jobs are valued more than others but all jobs are important.

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    1. Olivia-Avatar.jpg Olivia @ the BNC
      wondrous_orca's comment 10 Nov 2020

      Excellent work - you have clearly built your understanding through research which is a sign of good problem-solving! Why do you think some jobs are undervalued? What leads to this?

      Reply to this comment
  • CuddingtonCroft-logo-250x250.jpg memorable_tiger | Cuddington Croft Primary School
    10 Nov 2020

    People need jobs because without them, you can’t earn money to pay for bills or food but even if you were able to afford it, you still couldn’t get it because the shopkeepers will have stopped working. If there were no jobs, everyone would be in poverty and living on the streets.

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  • Michael-Faraday-logo-250x250.jpg memorable_dove | Michael Faraday School
    12 Nov 2020

    I think if there were no jobs left in the world we would never have stability in the world and we would all live in poverty. People and kids in the future wouldn't have education and they wouldn't learn basic things in life. Adults wouldn't be able to play for bills and there would not be electricity or gas. The bank which is our main source of where we keep money they would not be guarding accounts and people could go in and have all the money while people are still on the streets barely making it through each day. We wouldn't survive.

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  • consistent_cliff | Whyteleafe School E
    14 Nov 2020

    A world without jobs is a frightening place. With no jobs people won't have money, with no money people can't buy food, pay rent or bills. This will mean homelessness, hunger and starvation. Unemployment may lead to crime as people will steal food to eat and other peoples possessions to sell to make money. People may also protest in the streets and could cause revolutions against the Government or people in charge.

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    1. tom Tom @ the BNC
      consistent_cliff's comment 16 Nov 2020

      You've outlined a clear logical line of consequences here, consistent_cliff. Could anything be done at any point to put a stop to any of these steps happening?

      Reply to this comment
  • Lyons Hall Primary School compelling_contribution | Lyons Hall Primary School C
    04 Dec 2020

    Everyone would not get money and they will die possibly.

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  • warmhearted_assumption | Whyteleafe School B
    16 Dec 2020

    why is their gonna be no jobs why wouldnt their be what would stop us from getting no jobs?

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