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Hey guys, I want to know what structural unemployment means everyone talking about it
3 years ago
Structural unemployment is a result of industry changes, where workers no longer have the skills that match the needs of the company or industry itself. It's a form of mismatch between the skills that workers in the field can offer and is usually caused by rapid technological advancements. An example of structural unemployment can be seen in an production assembly line where the workers are replaced with new technologies such as robots and so on..
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