Explore BrainMass
Share

Explore BrainMass

    Causes of Unemployment

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Identify and describe four causes (i.e., types) of unemployment. Discuss why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.

    © BrainMass Inc. brainmass.com October 10, 2019, 5:15 am ad1c9bdddf
    https://brainmass.com/economics/technology/causes-unemployment-499052

    Solution Preview

    1. Economic downturn/recession - During this type of unemployment period, companies are laying workers off due to tightening financial conditions. When economic conditions begin to slow, companies often lay employees off first, in an attempt to save money. This causes the unemployment rates to soar.

    2. Technological advances - As we have become more advanced, a high percentage of unemployment has been caused by machines and other forms of technology that actually are designed to replace ...

    Solution Summary

    This solution identifies and describes four causes of unemployment. I also discuss why some workers are more likely than others to be laid off or have a harder time finding another satisfactory job.

    $2.19