PRC-3 · Chapter 18 · Question 14 of 33
A massive shift toward digital banking leads to the permanent closure of hundreds of traditional bank branches. Thousands of bank tellers lose their jobs and cannot find new ones because tech companies require programming skills they do not have. This represents:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Structural unemployment
Explanation
Structural unemployment happens when the economy undergoes fundamental technological or industrial changes, rendering the skills of existing workers obsolete.
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