Which of the following is most likely to reduce structural unemployment?
A)A reduction in wage rates
B)Access to better information on local job openings
C)Retraining workers in marketable skills
D)Promotion of full employment through government stabilization policies
E)Reducing the cost of job loss through enhanced unemployment benefits

Question

Quizplus · Accepted Answer

Retraining workers in marketable skills can help them acquire skills that are in demand in the current job market and reduce the skills mismatch that often leads to structural unemployment. The other options may have some impact on reducing unemployment, but they are less likely to address the underlying structural issues that cause unemployment. A reduction in wage rates, for example, may lead to a temporary increase in employment, but it may not be sustainable in the long term and may cause other problems such as lower living standards for workers. Access to better information on job openings may help some workers find jobs, but it does not necessarily reduce the overall level of unemployment. Promotion of full employment through government policies and enhanced unemployment benefits may address cyclical unemployment, but they are less effective in addressing structural unemployment.

Which of the Following Is Most Likely to Reduce Structural