structural/ voluntary unemployment

Cards (4)

  • how is structural unemployment caused?
    decline in certain industry or occupation- due to change In consumer preferences or tech advantages or availability of cheaper alternatives
  • where does structural unemployment affect regions?
    decline in traditional manufacturing made worse by labour immobility
  • what happens if a regions affected by structural unemployment?
    suffer from neg multiplier effect- less spending and cause more unemployment
  • how does tech change make unemployment more common I the future?
    tech change in both products and production methods accelerate quickly - reduce number of workers to do manufactory jobs
    e.g self-checkout