Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.
-Refer to the scenario above.Why might policy makers in Country Y most likely introduce policies that require unemployed workers to participate in job training programs?

Question

Quizplus · Accepted Answer

The policy makers in Country Y would most likely introduce policies that require unemployed workers to participate in job training programs to mitigate the social costs of unemployment. The unemployment rate of 6 percent means that 12 million people are unemployed, and allowing them to remain unemployed for extended periods can lead to increased social problems such as poverty, crime, and social unrest. Job training programs aim to reduce unemployment by providing new skills to the unemployed, thereby increasing their chances of finding employment, reducing the social costs of unemployment.

Scenario: the Unemployment Rate in Country Y Is 6 Percent