This preview shows page 1. Sign up to view the full content.
Unformatted text preview: from drugs to marginal jobscheck new book on underground economy, covering lawn mowing to major drugs Unemployment Begin with Mills quote 1. cyclical unemploymentin temporary recessions, and expected to have work resume 2. seasonal unemploymentconstruction, tourism, agriculture, holidays or vacation periods 3. structural unemploymentskills demanded by bosses do not match skills of the workers, or workers do not live near, or have access to, employment sitesoften happens when an industry, like coal, becomes either mechanized or obsolete or when a major plant closes or runs away a. 1979-19855 million workers displaced b. 1985-19894 million workers displaced c. current economy is dumping hundreds of thousands of jobs Unemployment ratedifficult to measurealso look at race/gender/ethnic implications Unemployment compensation Immigrationhas huge impact on the labor markets...
View Full Document
- Fall '10