Structural Unemployment
Subject: Economics | Topics:

Structural Unemployment is a precarious form of unemployment caused by elemental shifts in an economy. Structural unemployment occurs for various reasons like, employees may need the necessary job skills, or they may live far away from regions where jobs are obtainable but are incapable to shift there. Or they may unwilling to work because offered salary are too low. So while jobs are accessible, there is a severe difference between what companies require and what employees can offer. Structural unemployment is exacerbated by irrelevant factors such as technology, opposition and administration policy.

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