Th2.1: Skills Flashcards
1
Q
What happens as a result of economies progressing over time?
A
higher skills are needed to work in them
2
Q
What does the UK need to do to improve its employment levels?
A
increase the skills of its workforce over time
3
Q
What is structural unemployment caused by?
A
a lack of, or the wrong, skills
4
Q
What will happen if firms do not train staff?
A
the government has to step in to correct the market failure but this is costly
5
Q
Why may people end up long-term unemployed?
A
their skills don’t match the jobs on offer