Question

Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be:

Answer 1

Answer:

Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be structurally unemployed 2. The government can assist in reducing the level of structural unemployment by: subsidizing the relocation of workers who lose their jobs .

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Answer 2

Workers who lose their jobs because their skills are no longer required are known as "Structural Employees".

Step by step explanation:

• Structural unemployment is one of the three types of unemployment other than cyclical unemployment and frictional unemployment.

• When there is a huge mismatch in the skilled workers and skills needed by the companies employers.

• When a company chooses to make changes by improving the technology which will require less workers than earlier is an example of structural unemployment