Use the following choices regarding the various types of unemployment to describe this situation.Joe is looking for work as a machinist after his and most other machinist jobs were eliminated,replaced by computer-operated machines.

Question

Quizplus · Accepted Answer

This situation is an example of structural unemployment, which occurs when changes in the structure of the economy (such as advancements in technology or shifts in consumer demand) lead to a mismatch between the skills workers have and the skills that are in demand by employers. In this case, the machinist jobs were eliminated and replaced by computer-operated machines, leaving Joe and other machinists without a job.

Use the Following Choices Regarding the Various Types of Unemployment