Chapter 20- employment Flashcards
employment
means being economically active normally in a paid role (or self employment)
unemployed
is when someone of working age and available for work doesn’t have a job
underemployment
when people want full time work but can only find part time for example
Structural unemployment
occurs when demand for the product is falling because of changing consumer preferences or competition from imports or newer products makes skills of workforce redundant.
technological unemployment
occurs when labour saving equipment and other new techniques reduce the need for labour
geographical mobility
refers to the ability of workers to move from one area to another.
seasonal unemployment
varies throughout the year
frictional unemployment
occurs when people have left one job and take a short time to find another
solutions for structural unemployment
govt. spending on infrastructure cuts in job seeker allowance higher min wage lower min wage grants for training