When the economy switches production toward services and away from manufacturing and workers in the manufacturing industry are permanently laid off,

Question

Quizplus · Accepted Answer

When the economy switches production toward services and away from manufacturing, workers in the manufacturing industry may find it difficult to transition to a new industry, resulting in structural unemployment. This is because their skills may not transfer well to the service industry and they may require training or education which takes time.

When the Economy Switches Production Toward Services and Away from Manufacturing