In: Economics
Which of the following is not an example of structural unemployment?
Select the correct answer below:
Morgan never finished high school and has trouble finding work that she is qualified for. Companies in her area have declined to hire her.
Will has been offered a job on the other side of the country. Before he can start working, he expects to need around a month to sell his house and move to the new location.
Molly completed an advanced degree in a highly specific engineering discipline. Since graduating, she has not been able to find a job that matches her expertise.
Steven lost his manufacturing job when the company he worked for shut down. There are no other opportunities for him in the same industry and he lacks the skills to pursue other types of work.
Answer-Which of the following is not an example of structural unemployment?-The correct answer is option B, Will has been offered a job on the other side of the country. Before he can start working, he expects to need around a month to sell his house and move to the new location, It is not an example of structural unemployment as Will has been offered a job according to his skills, and he is relocating for his new job.
Option A is an incorrect answer because Morgan is not fully skilled for the job, for which he is applying, there can also be a mismatch of his skills and the type of skills required in the job.
Option C is an incorrect answer Molly completed an advanced degree in a highly specific engineering discipline. Since graduating, she has not been able to find a job that matches her expertise as a correct example of structural unemployment.
Option D is an incorrect answer Steven lost his manufacturing job when the company he worked for shut down. There are no other opportunities for him in the same industry and he lacks the skills to pursue other types of work is an example of structural unemployment.