Cyclical unemployment and structural unemployment differ greatly. Here we describe how different types of unemployment impact ...
For decades, people have worried about technology replacing jobs. The term “technological unemployment” was first used by the famous economist John Maynard Kaynes as early as the 1930s.
Employees in lower-paying positions face a risk up to 14 times higher of becoming obsolete compared to those in the ...
But are they eliminating the need for human workers, leading to persistent technological unemployment? Surprisingly, the managers of warehouses and other supply chain facilities report that they have ...
How can inflation affect unemployment, and vice versa? Here, we examine the relationship between wage inflation, consumer prices, and unemployment.
But the NAIRU can also change over time without any explicit policy action: structural changes such as technological advancements or demographic shifts can have long-lasting effects on unemployment ...
In 2022, President Joe Biden stood at a crossroads. His party had just shattered midterm expectations - the strongest showing ...
We recently compiled a list of the 10 Best UK Stocks to Invest in Now. In this article, we are going to take a look at where ...
Some structural unemployment, which is when workers lose jobs due to factors like technological developments, globalization, or widespread changes in consumer demand, will always exist as well.
The high rate of unemployment remains the Achilles’ heel of the economy – an economy that cannot ease the plight of the ...
A recruitment expert, Emmanuel Azor, has stated that unemployment in Nigeria can be reduced by building technological skills and fostering digital ...