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Chapter 21: Q 27. (page 524)

What is structural unemployment? Give examples of structural unemployment.

Short Answer

Expert verified

Structural unemployment is one of the types of unemployment.

Step by step solution

01

Step 1. Unemployment

The situation when a person who is able to work and is willing to work is looking for work consistently but is not able to find work.

02

Step 2. Structural unemployment

Structural unemployment is a type of involuntary unemployment which is caused due to the mismatch between the workers and skills required and this is also called the skill gap.

03

Step 3. Examples

These are the examples of structural unemployment:

1. Like in the US there is a decline in the manufacturing sector so the manufacturing jobs are shifted to China which is rising in manufacturing products, so this comes under structural unemployment.

2. Because of technology change and automation various workers lose their jobs. Like typewriters are substituted by computers.

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Most popular questions from this chapter

What forces create the natural rate of unemployment for an economy?

Do you think it is rational for workers to prefer sticky wages to wage cuts when the consequence of sticky wages is unemployment for some workers? Why or why not? How do the reasons for sticky wages explained in this section apply to your argument?

When would you expect cyclical unemployment to

be rising? Falling?

Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?

What type of unemployment (cyclical, frictional, or structural) applies to each of the following:

(a) landscapers laid off in response to a drop in new housing construction during a recession.

(b) coal miners laid off due to EPA regulations that shut down coal-fired power

(c) a financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona

(d) printers were laid off due to a drop in demand for printed catalogs and flyers as firms go the internet to promote and advertise their products.

(e) factory workers in the U.S. were laid off as the plants shut down and move to Mexico and Ireland.
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