Practicing Success
Practicing Success
CUET Preparation Today
| What is the name of the type of unemployment that occurs when a corporation installs new computers and some employees are fired due to lack of computer knowledge? |
Disguised unemployment Structural unemployment
Hidden unemployment Frictional unemployment |
| Structural unemployment |
| Structural unemployment can have multiple causes, such as workers not having the skills or training needed to qualify for the current job openings. For example, major technological advances can occur in industries throughout an economy. Companies need to hire workers who have the technical skills, such as computer programming and mathematical skills, to propel their company forward. Individuals without those skills may become marginalized and experience structural unemployment because there is a mismatch between jobs in the market and their abilities. |
