Asked by Karan Kahlon on Jul 25, 2024
Verified
The unemployment that occurs as jobs are eliminated because of changing technology is known as
A) frictional.
B) voluntary.
C) structural.
D) fundamental.
E) cyclical.
Structural Unemployment
Occurs when there is a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.
Changing Technology
Refers to the rapid evolution and adoption of new tools, processes, and methodologies in the technology sector, affecting businesses and societies.
- Identify the effects of technological advancements and global integration on job opportunities.
Verified Answer
ID
Isamar DavilaJul 26, 2024
Final Answer :
C
Explanation :
Structural unemployment occurs when there is a mismatch between the skills of workers and the requirements of available jobs. Technological advances can lead to a shift in the types of jobs available and can make certain types of jobs obsolete, leading to structural unemployment.
Learning Objectives
- Identify the effects of technological advancements and global integration on job opportunities.
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