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Unemployment Rate: Psychological And Lifestyle Effect by readthisplease

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· @readthisplease ·
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Unemployment Rate: Psychological And Lifestyle Effect

Going through twitter and seeing this world statistics on unemployment just proved everything we have all been saying in Nigeria. Living in this country all my life, and thanks to the internet, I have had a glimpse of what life outside this country is and what it feels like, so it is easier to say that no one will ever understand the lifestyle and survival of citizens in these country except those living in it. Unemployment is the inability to not have a job, this means that job provision is an all time low, but then humans needs to survive and provide most of the basic things they need in life. What these basic things are food, shelter and clothing, how are they expected to provide these for theirselves if there is no means to provide them. 
 https://images.hive.blog/DQmSUwdjJ21jqMqEcfthmx4tNnqCRgZ4kuMjpuha9Kp9wpf/Screenshot%202023-07-26%20at%205.04.03%20PM.png 

One thing I have realized about people who live in countries with very high unemployment rate is that they live their lives like they are on survival mode. They are constantly working so hard to stay way ahead of everyone, most times they work way too harder than the rest, this is because of the psychological effect that comes from living in a country with high unemployment. Nothing seems to be enough because you have to constantly work harder to get what you want. When you see an opportunity that makes your life easier, you grab it with the feeling like it’s your only opportunity. 


This is why cryptocurrency is being utilized more in countries with high unemployment rate. The government is responsible for almost all the basic welfare of every citizen of a country, this responsibility involves providing for healthcare, job employment, good roads and security. But incases where these basic things are not provided, citizens have no other choice but to provide them theirselves. 

Crypto gives a higher level of decentralization, freedom and security of funds compared to what the Nigerian government is providing for their citizens. So when Nigerians found crypto, they stuck to it like their lives depends on it. Some Nigerians found crypto because they were trying to survive, they got involved and found out that the technology is really great, then they decided to make it a lifestyle. So I will blame high unemployment in Nigeria to be one of the major reasons Nigerians are utilizing the crypto opportunity. 

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