As the banking industry becomes more and more automated, tellers find themselves with unneeded skills and some of them become unemployed. At the same time, computer programmers are in high demand. These unemployed tellers would be classified as
A)cyclically unemployed.
B)frictionally unemployed.
C)structurally unemployed.
D)naturally unemployed.
E)underemployed.

Question

Quizplus · Accepted Answer

The situation described in the question is an example of structural unemployment, which occurs when there is a mismatch between the skills and abilities of the workforce and the requirements of the available jobs. As the banking industry becomes more automated, the skills of tellers become outdated and they are no longer needed, which leads to unemployment. This is a long-term phenomenon rather than a temporary one (frictional unemployment) or a result of changes in the business cycle (cyclical unemployment). It is also not a natural or voluntary choice by the workers (natural unemployment or underemployment). Thus, C is the best choice.

As the Banking Industry Becomes More and More Automated, Tellers