Over the past five years, improvements in technology and increased investment by a large proportion of the
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Over the past five years, improvements in technology and increased investment by a large proportion of the major companies in the garment industry have led to a significant decrease in employment. This is a concern for the government.
Using a labour market diagram, explain the type of unemployment that has occurred in the garment industry.
Data from labour market diagram
Transcribed Image Text:
Average (real) wage rate 0 AS Number of workers Figure 19.2 Equilibrium in the labour market AD
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