The type of unemployment that is caused when a mismatch of skills occurs between the people who are unemployed and available jobs is structural unemployment. Contrary to cyclical unemployment, the force of the business cycle is not a cause of it and also it is harder to handle it. Such a type of unemployment can make the unemployment rate high.
It may occur due to the shift in the economy that may leave some make it difficult for some unemployed people to find a job in the new industries. The other cause of structural unemployment is that the technology industry has grown in advance. Machines are now replacing skillful workers.
Matching people with available jobs is always difficult after a recession as
Are minimum-wage laws a better explanation for structural unemployment among
Suppose a country is rapidly making the transition from an agricultural-
Are minimum-wage laws a better explanation for structural unemployment among
Suppose a country is rapidly making the transition from an agricultural-
Why does structural unemployment occur?
Based on the following data, compute (a) The
Based on the following data, compute (a) the unemployment
Why does structural unemployment occur?
