How can people be helped to progress out of low-paid employment into better-paid jobs (considering the roles of governments, employers and employees)?

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: Agricultural workers seek new jobs when the harvest season is finished. What type of unemployment is…

A: The unemployment rate is commonly used to indicate the labor market condition. In business and…

Q: Does technological innovation create unemployment?

A: Technological innovation leads to higher production of goods and services from the same level of…

Q: Individuals leave the labour force when they: (a) find employment. (b) become unemployed. (c)…

A: Unemployment has been a major concern for most of the economies across the world. The spread of the…

Q: Millennials is also known as____. (fill in the blank)

A: The term millennials are referred to people who were born between the 1980s and early 2000s. These…

Q: Why there is always some level of unemployment?

A: The natural rate of unemployment is a situation that occurs when there is a time lag between moving…

Q: How can we reduce the number of low-income workers and increase the number of middle-and…

A: There are many factors like education, training, health services, etc. that can decrease the number…

Q: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a…

A: Unemployment rate is the proportion of people unemployed in the economy as a percentage of number of…

Q: In terms of living standards, is the worker better off in 1975 or 2002? Justify your answer.

A: The average hourly wage in 1975=$6.50The average hourly wage in 2002 =$17

Q: what are the proposed solutions to reduce unemployment

A: When job-seeking employees are unable to obtain employment, unemployment results. While…

Q: How can unions result in higher unemployment rates? How would the results differ for someone who…

A:

Q: Should the government replace the wages of anyone who is unemployed? How might this affect output…

A: If unemployed person paid by a fixed amount by the state or trade unions, is known as the…

Q: What services or benefits are provided by the Unemployment policy?

A: Unemployment is the state of being unemployed in which a person is looking for a job but cannot find…

Q: Unemployment persists in developed countries. Agree or disagree? Explain your answer by giving one…

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: Who loses from unemployment?

A: Unemployment refers to the loss of jobs. When people in an economy, who are able to work and are…

Q: what are some causes and effects of unemployment on the economy? what are some ways to combat these…

A: Unemployment is a situation when an able bodied man or woman, who is willing to work at the…

Q: importance of employment and unemployment? explain both terms.

A: Definitions:   employment is a significant piece of the economy, social, and natural advancement…

Q: Why should we worry about the unemployment rate? (We know that the U.S. has an unemployment…

A: Since all are different questions, we shall answer the first question only. Please resubmit the…

Q: What are some of the problems, difficulties, or hardships caused by unemployment?

A: Unemployment occurs when a person is actively looking for a job and is unable to find one. Three…

Q: When the economy is at full employment, is the unemployment rate at zero percent? Why or why not?…

A: By the unemployment rate, it can be understood that how many people are not getting the job while…

Q: How does an economy recover from structural unemployment and what government actions help to…

A: Structural Unemployment is Unemployment that occurs due to structural changes in the economy. for…

Q: As the baby boomer generation retires, what should happen to wages and employment? Can you show this…

A: The labor supply curve shows the positive relationship between wage rate and quantity of labor…

Q: Can government do anything to reduce the number of people in the following categories? If so, what?…

A: Unemployment refers to those who are employable and actively looking for work but are unable to find…

Q: Why did the struggles of working families become more prominent in the 1970s, and what social and…

A: Purchasing power parity is a common macroeconomic analysis metric for comparing economic…

Q: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a…

A: If the number of people unemployed is higher than the number of people willing to accept jobs, the…

Q: As the baby boomer generation retires, what should happen to wages and employment?  Show this…

A: The retirement of baby boomer generation leads to reduce the supply of labor force in the economy.…

Q: what type of unemployment is the great deperession an example of

A: Unemployment occurs when persons who are looking for work at the wage rate are unable to find it.…

Q: Are poor people generally qualified for decentpaying jobs, or do they lack the skills?

A: Many poor people are not able to afford the tuition fees of higher educational institutions that…

Q: What are the solution for unemployment in Malaysia?

A: Unemployment in Malaysia has risen due to the evolution of technology. With increased technological…

Q: Why did classical liberals argue against creating a welfare state?

A: In economics and social aspects, liberalism refers to the ideology according to which people accept…

Q: how does inflation make some people worse off and others better off? how does price effects income…

A: Inflation can be seen as the rise in price level from one period to another. Real value = nominal…

Q: Can a government achieve a low inflation rate and low unemployment? as related to Business Cycles,…

A: Inflation- Persistent increase in the price of goods and services over the period of time in an…

Q: Unemployment will stifle economic development and performance. Use the measures that the government…

A: "A weak economy is detrimental to economic functioning and leadership." It lowers the production…

Q: High unemployment is socially wasteful. Why?

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: How is the Unemployment policy administered and implemented?

A: Unemployment is the state of being unemployed in which a person is looking for a job but cannot find…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: What type of unemployment does pandemic like Coronavirus cause? Can you think of any public policies…

A: Unemployment does pandemic like Coronavirus cause There is high unemployment for repetitive or…

Q: Why employment in the economic sector has declined?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…