The demand is low and supply is high for unskilled workers in most age groups.

Question

Quizplus · Accepted Answer

When supply of unskilled workers is high relative to demand, it typically indicates that there are more individuals available to do unskilled jobs than there are unskilled jobs available, leading to lower wages and potentially higher unemployment rates for this group. This situation is common in various economies due to automation, outsourcing, and other factors reducing the need for unskilled labor.

The Demand Is Low and Supply Is High for Unskilled