Asked by George Maillard Jr. on Jul 07, 2024
Verified
In the song "My Hometown" by Bruce Springsteen,the foreman at the textile mill by the railroad tracks says,"These jobs are leaving.....and they ain't comin' back." This is an example of
A) frictional unemployment.
B) cyclical unemployment.
C) structural unemployment.
D) seasonal unemployment.
Structural Unemployment
When people are out of work for a couple of years or longer.
Textile Mill
A factory specialized in manufacturing various kinds of fabrics from natural and synthetic fibers through processes like weaving, knitting, and dyeing.
- Recognize the impact of technological changes and globalization on employment.
Verified Answer
RS
Romario ScottJul 13, 2024
Final Answer :
C
Explanation :
The foreman's statement suggests that the textile mill is shutting down and the jobs are permanently disappearing. This reflects structural unemployment, which occurs due to changes in the structure or organization of an industry or market, rather than fluctuations in the overall economy (cyclical unemployment) or temporary factors (frictional or seasonal unemployment).
Learning Objectives
- Recognize the impact of technological changes and globalization on employment.
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