Question

In: Economics

What is just one example of a worker (type of employee) is the US who has...

What is just one example of a worker (type of employee) is the US who has experienced "structural unemployment" in the last 50 years?
Show why this example meets the definition of structural unemployment, Discuss the specific job that doesnt exist as much in the US.

Then, show difference between frictional and structural unemployment.

need like a 2 short paragraph answer

Solutions

Expert Solution

Answer:When there is a contrast population and industrial mixture exist, Structural unemployment comes into picture.With introduction of new advanced technology can create downslope trend in older industries.To stay remain in business, they need to lay off their employees.Hence it will lead to structural unemployment.Newspaper industry is one such example.There are end number of newspaper employee lost their job due to digital revolution.

This example meets the definition of structural unemployment because sometimes employee doesn't able to change itself as world changes with introduction of advance technology.In the end it will become stuctural unemployment in society.Carpooling is a way people make some bucks in office hours as there is strict order of government,every car have 3 to 4 passengers.It is going on in various countries.So people avoid getting a ticket also make some bucks.But this job is not in U.S

Structural unemployment take place when there is a chnage in technology while frictional unemployment when a person shift from one job to another with gaps in job period.


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