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Question Set 1

1.1 What isfrictional unemployment?

1.2 Provide examples of people who are experiencing or have experienced this kind of unemployment.

1.3 What causes it to increase?

1.4 How did COVID19 affect frictional unemployment in the U.S.?

In addition to sources that you need to find, use and cite for this question set, you are encouraged to make references to the following video:

Frictional Employment(Links to an external site.)

Part II

You must answer all four questions below (15 points), and respond toat least twoother students (5 points) to earn a total of 20 points.

Economists, scientists, and policymakers were interviewed in this movieThe Future of Work(Links to an external site.)to talk about the paradigm shift we are experiencing in the job market, while we embark on the Fourth Industrial Revolution. Based primarily on the information from this movie, answer the following questions:

1) Explain how radical developments in automation and artificial intelligence are changing the future of work. Be specific, and elaborate as much as you can. Write at least two paragraphs at 4-6 sentences in each.

2) From watching the movie what is your understanding of how humans can collaborate with robots and automated processes, in general, to create a better and more equitable job market in the future, a market in which income inequalities are reduced?

3) What reactions did you have while watching this movie/video regarding the re-training of the labor force in general and the automobile industry in particular, addressed during the last part of the film?

4) What were some of the most impressive takeaways for you? Could they affect your future in the labor market? List at least three and explain using at 2-3 sentences for each point.