Kevin has lost his job in an automobile plant because the company switched to robots for its welding step in the assembly line. Kevin plans to go to technical school to learn how to repair
Microcomputers. The type of unemployment Kevin is faced with is

Question

Quizplus · Accepted Answer

Kevin's job loss was a result of technological advancements and changes in the production process, which is a characteristic of structural unemployment. He needs to retrain and acquire new skills to stay competitive in the job market. Cyclical unemployment is caused by fluctuations in the business cycle, frictional unemployment is caused by individuals transitioning between jobs or entering the workforce, and natural unemployment is the combination of frictional and structural unemployment.

Kevin Has Lost His Job in an Automobile Plant Because