Asked by Jacob Searcy on Jul 22, 2024
Verified
Use the following choices regarding the various types of unemployment to describe this situation.Joe is looking for work as a machinist after his and most other machinist jobs were eliminated,replaced by computer-operated machines.
A) Frictional unemployment
B) Structural unemployment
C) Natural unemployment
D) Cyclical unemployment
E) None of the choices are correct
Structural Unemployment
A form of unemployment caused by a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or shifts in the economy.
Computer-Operated Machines
Computer-Operated Machines are devices controlled by computers to perform various tasks, increasing efficiency and precision in manufacturing and other industries.
- Understand the influence of technological innovation and global interconnectedness on employment trends.
Verified Answer
EK
Emmet KeeffeJul 24, 2024
Final Answer :
B
Explanation :
This situation is an example of structural unemployment, which occurs when changes in the structure of the economy (such as advancements in technology or shifts in consumer demand) lead to a mismatch between the skills workers have and the skills that are in demand by employers. In this case, the machinist jobs were eliminated and replaced by computer-operated machines, leaving Joe and other machinists without a job.
Learning Objectives
- Understand the influence of technological innovation and global interconnectedness on employment trends.