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What is Causes of Structural Unemployment Explained about?

Structural unemployment occurs due to a mismatch between the skills workers have and the skills demanded by employers, often due to technological changes that make some jobs obsolete. It is caused by external events that fundamentally change the economy. A structural unemployment graph shows the relationship between wages and the size of the labor force, with the downward slope representing declining demand for labor as wages rise and the upward slope showing increasing supply of labor. Reasons for structur

Author

Tamanna Ghai

Language

EN