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

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2
Q

What does the UK need to do to improve its employment levels?

A

increase the skills of its workforce over time

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3
Q

What is structural unemployment caused by?

A

a lack of, or the wrong, skills

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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

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5
Q

Why may people end up long-term unemployed?

A

their skills don’t match the jobs on offer

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