Structural unemployment

skills gapstructuralmajor skills shortageskills mismatchstructurally unemployedworkforce skills gap
Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap).wikipedia
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Involuntary unemployment

involuntarily unemployedInvoluntaryunable to work
Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap).
Structural unemployment is also involuntary.

Frictional unemployment

search unemployment
Structural unemployment is one of three categories of unemployment distinguished by economists, the others being frictional unemployment and cyclical unemployment.
Frictional unemployment is one of the three broad categories of unemployment, the others being structural unemployment and cyclical unemployment.

Economics

economiceconomisteconomic theory
Structural unemployment is one of three categories of unemployment distinguished by economists, the others being frictional unemployment and cyclical unemployment.
Structural unemployment covers a variety of possible causes of unemployment including a mismatch between workers' skills and the skills required for open jobs.

Unemployment

unemployedunemployment ratejob creation
Structural unemployment is one of three categories of unemployment distinguished by economists, the others being frictional unemployment and cyclical unemployment. For example, seasonal unemployment often affects farm workers after harvesting is complete, and workers in resort towns after the tourist season ends.
Some of the main types of unemployment include structural unemployment and frictional unemployment, as well as cyclical unemployment, involuntary unemployment, and classical unemployment.

Reserve army of labour

reserve army of laborindustrial reserve armyarmy of unemployed
Prior to what Marx regarded as the start of the capitalist era in human history (i.e. before the 16th century), structural unemployment on a mass scale rarely existed, other than that caused by natural disasters and wars.

Natural rate of unemployment

natural ratenatural" rate of unemploymentEquilibrium rate of unemployment
Also, his theories gave insights into the causes of a too high natural rate of unemployment (i.e., why unemployment could be structural or classical).

Technological change

technological progresstechnologicaltechnological development
Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.

Discrimination

discriminatoryanti-discriminationdiscriminate
Employers may also reject workers for reasons unrelated to skills or geography, so for example structural unemployment can also result from discrimination.

Farmworker

farmhandfarm workerfarm hand
For example, seasonal unemployment often affects farm workers after harvesting is complete, and workers in resort towns after the tourist season ends.

Resort town

resort cityresortresort communities
For example, seasonal unemployment often affects farm workers after harvesting is complete, and workers in resort towns after the tourist season ends.

Dot-com bubble

dot-com boomdot-com bustInternet bubble
The dot-com bubble caused a temporary spike in demand for information technology workers, which was suddenly reversed in 2000-2001.

Mechanised agriculture

mechanical harvestingmechanized agriculturemechanisation of agriculture

Virtuous circle and vicious circle

vicious circlevicious cyclevirtuous circle
Problems with debt may lead to homelessness and a fall into the vicious circle of poverty.

Hysteresis (economics)

hysteresislong-term effects of previous unemploymenthysteresis hypothesis
This theory of persistence in structural unemployment has been referred to as an example of path dependence or "hysteresis."

Narayana Kocherlakota

Kocherlakota Narayana
Narayana Kocherlakota, then president of the Federal Reserve Bank of Minneapolis, said in a 2010 speech that as much as 3 percent of the 9.5 percent unemployment rate at the time could be the result of a mismatch.

Marginal revenue productivity theory of wages

marginal revenue productmarginal productivity theory
They assert that because the governmentally imposed minimum wage is higher than some individuals' marginal revenue product in any given job, those individuals remain unemployed because employers legally cannot pay them what they are "worth."