Which of the following statements about Structural Change based on the material covered in the lecture are TRUE:

1. It is normal for some industries to be shrinking even if the overall economy is expanding.
2. One possible cause of the increases casualisation and underemployment experienced in the economy (especially by younger workers) is that companies are attempting to reduce the risk to profit in the event of a fall in income (revenue).

Neither of the statements are true (both are false)

Only statement 1 is true

Only statement 2 is true

Both statements are true (neither are false)