Eliminating all structural unemployment would be good for the economy.

Question

Quizplus · Accepted Answer

Structural unemployment exists due to mismatches between the skills of workers and the demands of employers. Eliminating all structural unemployment may not be feasible as it would require significant changes in the economy such as the restructuring of industries and the retraining of workers. Additionally, some level of structural unemployment can be beneficial for the economy as it encourages innovation and the development of new industries.

Eliminating All Structural Unemployment Would Be Good for the Economy