Suppose tastes and preferences change.As a result, newspaper journalists are laid off.What type of unemployment would this be classified as?
A) structural unemployment
B) frictional unemployment
C) seasonal unemployment
D) cyclical unemployment

Question

Suppose tastes and preferences change.As a result, newspaper journalists are laid off.What type of unemployment would this be classified as?  
A) structural unemployment 
B) frictional unemployment 
C) seasonal unemployment 
D) cyclical unemployment

Quizplus · Accepted Answer

Structural unemployment occurs when there is a mismatch between the skills and qualifications of workers and the requirements of available jobs. In this scenario, the change in tastes and preferences has led to a decline in demand for newspaper journalists, resulting in layoffs. Since this is a long-term trend that is unlikely to reverse, it is a structural issue rather than a temporary one caused by cyclical or seasonal fluctuations. The skills of these journalists may not fit the requirements of other available jobs either, making it difficult for them to find new employment. Therefore, this situation can be classified as structural unemployment.

Suppose Tastes and Preferences Change