How you dealt with “natural” unemployment, and how the experience inspired you?

Expert Solution

The natural unemployment is constituted by structural and frictional unemployment. My friend faced it when his organization went on to implement the new technology in the organization and it was communicated to the employees to either come with the latest technical competencies or face the layoff. In response, my friend went to pursue a refresher technology based training programs that could make him ready for the new technology. After completion of the program, he was capable to do his job. Though, he got another and better opportunities and changed his job. Here, it was the anxiety of structural unemployment that caused him to learn new technologies. Afterwards, he changed his job and remained in frictional unemployment for a small period of time.
It inspired me to learn latest and new technologies as a mean to become adapted to the latest job market scenario. Further, it creates new opportunities and I can grow in terms of roles as well as compensation. So, natural unemployment may force people to learn new things, but it makes the way for growth also

Rahul Sunny answered 1 year ago

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