U.S.steelworkers who have lost their job to workers receiving lower wages overseas are part of ____________ unemployment.

Question

Quizplus · Accepted Answer

The given scenario refers to structural unemployment, which occurs when workers' skills become obsolete or their jobs are replaced by technology, and they are unable to find similar employment due to a mismatch in their skills and the demand in the labor market. In this case, workers are losing their jobs to overseas workers who are willing to work for lower wages, creating a mismatch in the demand for domestic steelworkers.

USSteelworkers Who Have Lost Their Job to Workers Receiving Lower