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Modern Causes of Unemployment

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Please discuss some of the causes of unemployment today.

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Solution Summary

This solution discuses some the contemporary problems that may lead to unemployment.

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There exist many causes of unemployment; however, amongst the various causes, there seem to be main ones that cause the largest impact. There exist rapid changes in technology that essentially render human labor obsolete, recessions in which the cost of living becomes too high and subsequently firms are forced to downsize as a cost reduction measure. Increases in inflation is also at times related to recession. Disability, in which the worker is unable ...

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