1. Microeconomics
    2. 1.1.5

    Structural unemployment

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    Christina

    Cards (3)

    • Structural unemployment is long term unemployment (12+ months) is a macro issue but is at fault due to the downturn of a specialised industry (i.e. UK coal mining -1980s or in the USA Rust Belt)
    • What leads to structural unemployment
      Technology innovation - less demand for labour
    • Long term unemployment results unless solved by education and skills
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