Principles of Macroeconomics / Unit 10 MAC 0915 short lesson, about 20 seconds
Structural Unemployment and Mismatch
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The idea
Structural unemployment exists when a firm is hiring and a worker is searching but the skills do not match. Technological change, shifts in what consumers buy, and regional differences produce it.
In practice
Assembly work that once asked mainly for reliability and dexterity now tests analytical and communication skills.
Where people slip
This is a mismatch of characteristics, not a shortage of jobs or willingness.
Your place on the trail
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Unlocks
- Nothing yet depends on this.
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