Understanding Structural Unemployment in One Minute: Definition, Explanation, Examples and Causes
1:01
YouTubeOne Minute Economics
Understanding Structural Unemployment in One Minute: Definition, Explanation, Examples and Causes
Structural unemployment occurs when there's an imbalance between the skills employers are interested in and the skills potential employees can offer. A good example of structural unemployment would be let's say the effects of a coal mine closing down. Other examples pertain to technology, worker relocation issues and the list could go on and on ...
24.8K viewsFeb 7, 2019
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