Job-search unemployment is different from unemployment arising from minimum-wage laws, unions and efficiency wages because in the former case, workers are searching for the jobs that best suit them, while in the latter, workers are waiting for jobs to open up.

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Job-search unemployment occurs when workers are between jobs or looking for better jobs that match their skills and preferences. They are actively searching and willing to work but have not yet found a suitable job. On the other hand, unemployment caused by minimum-wage laws, unions, and efficiency wages happens when workers are not hired because the cost of labor is too high for employers, or they are not productive enough to justify their wages. In this case, workers are not actively looking for a job but waiting for opportunities to open up.

Job-Search Unemployment Is Different from Unemployment Arising from Minimum-Wage Laws