Review problem based on structural unemployment

Reference no: EM132398193

Assignment: 2 pages

Structural unemployment can occur when workers do not have the skills that employers are looking for. Some people are concerned that technological innovations (such as artificial intelligence) will massively increase structural unemployment over the next few decades.

• Do you think a massive increase in structural unemployment is likely? Or are these fears unrealistic?

• Retraining structurally unemployed workers is one proposed solution to structural unemployment. However, worker retraining programs have not been particularly effective. Why do you think this is? Is there some way to effectively retrain workers who are structurally unemployed?

• A Universal Basic Income has been another proposed solution to structural unemployment. Does this seem like a useful solution to structural unemployment?

• Explain your answers. Remember to provide a works cited page if you consult any sources.

Reference no: EM132398193

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