Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process
Answers
Unemployment is the condition of being jobless or actively searching for a job but not hired yet. Unemployment plays a major role in determining the economy of a country.
The growth in technology and the birth of artificial intelligence has been a boon to science. These technologies replace the human work processes which has the ability to falter while the machines cannot.
Technology unemployment is the case were the workers lose their jobs since their works are replaced by artificial intelligence or automated processes.
If workers lose their jobs due to their positions being replaced by the automated process, then the structural unemployment increases.
Such type of unemployment comes into existence when the shift occurs in economy generating mismatch between skills workers are having and the skills required.
Long recessions are the main cause of structural unemployment.