This article focused on the short term unemployment and long-term unemployment in the last part. Alan Krueger of Princeton University found that in 2010 about 18% of the long-term unemployed quit the workforce each month. That has since risen to 24%.Meanwhile, the rate at which they find work has edged down to 10% per month. The work they find is often transitory or part-time. This is interesting, because even if the long term unemployment workers get a job, most of them again is fear of losing their jobs. The government have to think about how to provide regular jobs for long term unemployment. Most employer may think that long unemployment worker has any problem and that makes long term unemployment more difficult to get jobs. I can understand employer’s mind. Hiring long term-unemployment is risky. Only government can improve this situation. The government should talk with companies more about what long-term unemployment are not so bad, and should improve the quality of the long term unemployment and mind of employers. For example, the government should give money or exempt tax for the company which hires long term unemployment. When the same situation continues, the long-term unemployed person is excluded from the life.
The structural unemployment will not be decreased unless the United States agrees to devalue the dollar.
ReplyDeleteI think this long term unemployment is not caused by structual. It is frictional,which means the goverment still can solve this problem and long term unemployment can be improved.
DeleteThe government should also provide educational facilities for workers to improve their skills continuously.
ReplyDeleteIs there a specific type of unemployment (frictional, cyclical, structural) that is causing this increase in long term unemployment?
ReplyDeleteI agree with Erica, government should be focusing on increasing the number of skilled workers more. Firms hire long-term skilled workers because they can see the potential in these workers, they believe these workers can help with production efficiency and higher profits. By rewarding firms hire more long-term workers, it might help with reducing unemployment rate in the short run, but it does not grantee to have better output.
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