Legend: Academic word (?) New word
You should spend about 20 minutes on this task.
The graph below shows changes in young adult unemployment rates in England between 1993 and 2012.
Write a report for a university, lecturer describing the information shown below.
Summarise the information by selecting and reporting the main features and make comparisons where relevant.
Write at least 150 words.
Write about the following topic.
As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?
Do you agree or disagree with this opinion?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
The line graph shows us the percentage of young people who live in England aged 16-24 which are unemployed from 1993 to 2012.
It is clear that London registered the highest rate of unemployment of young adults over the whole period given. It is also noticeable that the trend is similar for the all four categories mentioned between 1993 and 2012.
In 1993, the largest proportion of unemployed people aged 16-24 lived in London, about 22% respectively. There were around 17% of them in the rest of England. However, the overall unemployment rate in London and the rest of England was slightly lower, with figures of just under 15% and 10% respectively. Over the next 6 years, there was a decrease of approximately 5% in the unemployment rate of each of the four categories. Therefore, the figure for young people who lived in England and had no job reached its lowest point, with just under 15%.
By 2012, the unemployment rate of Londoners aged 16-24 reached its peak, at 25%. People of the same category of age from the rest of England also reached the highest point, at about 21%. By contrast, there were only around 8% unemployed people for each of the two regions, overall London and rest of England.
Businesses have always sought to make a profit, but it is becoming increasingly common to hear people talk about the social obligations that companies have. I completely agree with the idea that businesses should do more for society than simply make money.
On the one hand, I accept that businesses must make money in order to survive in a competitive world. It seems logical that the priority of any company should be to cover its running costs, such as employees’ wages and payments for buildings and utilities. On top of these costs, companies also need to invest in improvements and innovations if they wish to remain successful. If a company is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant. In other words, a company can only make a positive contribution to society if it is in good financial health.
On the other hand, companies should not be run with the sole aim of maximising profit; they have a wider role to play in society. One social obligation that owners and managers have is to treat their employees well, rather than exploiting them. For example, they could pay a “living wage” to ensure that workers have a good quality of life. I also like the idea that businesses could use a proportion of their profits to support local charities, environmental projects or education initiatives. Finally, instead of trying to minimise their tax payments by using accounting loopholes, I believe that company bosses should be happy to contribute to society through the tax system.
In conclusion, I believe that companies should place as much importance on their social responsibilities as they do on their financial objectives.
(285 words, band 9)
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