Unformatted text preview: from drugs to marginal jobs—check new book on underground economy, covering lawn mowing to major drugs Unemployment Begin with Mills quote 1. cyclical unemployment—in temporary recessions, and expected to have work resume 2. seasonal unemployment—construction, tourism, agriculture, holidays or vacation periods 3. structural unemployment—skills demanded by bosses do not match skills of the workers, or workers do not live near, or have access to, employment sites—often happens when an industry, like coal, becomes either mechanized or obsolete or when a major plant closes or runs away a. 1979-1985—5 million workers displaced b. 1985-1989—4 million workers displaced c. current economy is dumping hundreds of thousands of jobs Unemployment rate—difficult to measure—also look at race/gender/ethnic implications Unemployment compensation Immigration—has huge impact on the labor markets...
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This note was uploaded on 02/10/2012 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10