Question
Structural unemployment is sometimes said to result from a mismatch between the jobs skills that employer wants and the job skills that workers have. To
Structural unemployment is sometimes said to result from a mismatch between the jobs skills that employer wants and the job skills that workers have. To explore this idea, consider an economy with two industries namely as auto manufacturing and aircraft manufacturing,
If workers in these two industries require similar amounts of training, and if workers at the beginning of their careers could choose which industry to train for, what would you expect to happen to the wages in these two industries? How long do you think this process would take? Explain
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