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book Economics for Today 9th Edition by Irvin Tucker cover

Economics for Today 9th Edition by Irvin Tucker

Edition 9ISBN: 978-1305507111
book Economics for Today 9th Edition by Irvin Tucker cover

Economics for Today 9th Edition by Irvin Tucker

Edition 9ISBN: 978-1305507111
Exercise 14
WHAT KIND OF UNEMPLOYMENT DO ROBOT MUSICIANS CAUSE?
Applicable Concept: types of unemployment WHAT KIND OF UNEMPLOYMENT DO ROBOT MUSICIANS CAUSE? Applicable Concept: types of unemployment   The following is a classic article from the late 1980s that illustrates the types of unemployment and describes a recurring labor market situation: People looking for job security have rarely chosen the music industry. But these days, musicians say, competition from machines has removed what little stability there was. Modern machines can effectively duplicate string sections, drummers, and even horn sections, so with the exception of concerts, the jobs available to live musicians are growing fewer by the day. … It is not the first time that technology has thrown a wrench into musical careers. When talking pictures helped usher in the death of vaudeville, and again, when recorded music replaced live music in radio station studios, the market for musicians took a beating from which it never fully recovered. … The musicians' plight is not getting universal sympathy. Some industry insiders say that the current job problems are an inevitable price of progress, and that musicians should update their skills to deal with the new instruments. … But others insist that more than musicians' livelihood is at stake. Mr. Glasel, [Musicians' Union] Local 802's president, warns that unbridled computerization of music could eventually threaten the quality of music. Jobs for trumpet players, for instance, have dropped precipitously since the synthesizer managed a fair approximation of the trumpet. And without trumpet players, he asked, where is the next generation going to get its Dizzy Gillespie?   The threat to musicians' jobs continues: The Toyota Motor Corp. unveiled its instrument-playing humanoid robots at the 2005 World Exposition. The robots played drums and horn instruments, such as trumpets and tubas. And a humanoid robot walked on the stage, said, Hello, everyone, lifted the baton, and conducted the Detroit Symphony Orchestra. Its timing was judged to be impeccable, but the robot conductor lacked any spur-of-the-moment emotions. Finally, Georgia Tech has a Robotic Musicianship Group that is developing robots that understand and create music. Are the musicians experiencing frictional, structural, or cyclical unemployment? Explain.
The following is a classic article from the late 1980s that illustrates the types of unemployment and describes a recurring labor market situation:
People looking for job security have rarely chosen the music industry. But these days, musicians say, competition from machines has removed what little stability there was. Modern machines can effectively duplicate string sections, drummers, and even horn sections, so with the exception of concerts, the jobs available to live musicians are growing fewer by the day. …
It is not the first time that technology has thrown a wrench into musical careers. When talking pictures helped usher in the death of vaudeville, and again, when recorded music replaced live music in radio station studios, the market for musicians took a beating from which it never fully recovered. … The musicians' plight is not getting universal sympathy. Some industry insiders say that the current job problems are an inevitable price of progress, and that musicians should update their skills to deal with the new instruments. …
But others insist that more than musicians' livelihood is at stake. Mr. Glasel, [Musicians' Union] Local 802's president, warns that unbridled computerization of music could eventually threaten the quality of music. Jobs for trumpet players, for instance, have dropped precipitously since the synthesizer managed a fair approximation of the trumpet. And without trumpet players, he asked, "where is the next generation going to get its Dizzy Gillespie?" WHAT KIND OF UNEMPLOYMENT DO ROBOT MUSICIANS CAUSE? Applicable Concept: types of unemployment   The following is a classic article from the late 1980s that illustrates the types of unemployment and describes a recurring labor market situation: People looking for job security have rarely chosen the music industry. But these days, musicians say, competition from machines has removed what little stability there was. Modern machines can effectively duplicate string sections, drummers, and even horn sections, so with the exception of concerts, the jobs available to live musicians are growing fewer by the day. … It is not the first time that technology has thrown a wrench into musical careers. When talking pictures helped usher in the death of vaudeville, and again, when recorded music replaced live music in radio station studios, the market for musicians took a beating from which it never fully recovered. … The musicians' plight is not getting universal sympathy. Some industry insiders say that the current job problems are an inevitable price of progress, and that musicians should update their skills to deal with the new instruments. … But others insist that more than musicians' livelihood is at stake. Mr. Glasel, [Musicians' Union] Local 802's president, warns that unbridled computerization of music could eventually threaten the quality of music. Jobs for trumpet players, for instance, have dropped precipitously since the synthesizer managed a fair approximation of the trumpet. And without trumpet players, he asked, where is the next generation going to get its Dizzy Gillespie?   The threat to musicians' jobs continues: The Toyota Motor Corp. unveiled its instrument-playing humanoid robots at the 2005 World Exposition. The robots played drums and horn instruments, such as trumpets and tubas. And a humanoid robot walked on the stage, said, Hello, everyone, lifted the baton, and conducted the Detroit Symphony Orchestra. Its timing was judged to be impeccable, but the robot conductor lacked any spur-of-the-moment emotions. Finally, Georgia Tech has a Robotic Musicianship Group that is developing robots that understand and create music. Are the musicians experiencing frictional, structural, or cyclical unemployment? Explain.
The threat to musicians' jobs continues: The Toyota Motor Corp. unveiled its instrument-playing humanoid robots at the 2005 World Exposition. The robots played drums and horn instruments, such as trumpets and tubas. And a humanoid robot walked on the stage, said, "Hello, everyone," lifted the baton, and conducted the Detroit Symphony Orchestra. Its timing was judged to be impeccable, but the robot conductor lacked any spur-of-the-moment emotions. Finally, Georgia Tech has a Robotic Musicianship Group that is developing robots that understand and create music.
Are the musicians experiencing frictional, structural, or cyclical unemployment? Explain.
Explanation
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1. Cyclical unemployment
2. Frictional u...

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Economics for Today 9th Edition by Irvin Tucker
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