U.S. steelworkers who have lost their jobs to workers receiving lower wages overseas are part of _____ unemployment.

Question

Quizplus · Accepted Answer

The situation described in the question is an example of structural unemployment, which occurs when workers lose their jobs due to changes in the structure of the economy, such as shifts in technology or changes in international trade patterns. This is different from frictional unemployment, which occurs when workers are temporarily between jobs, cyclical unemployment, which is tied to ups and downs in the business cycle, or seasonal unemployment, which is tied to seasonal fluctuations in demand for certain types of labor.

US Steelworkers Who Have Lost Their Jobs to Workers Receiving