PRC-3 · Chapter 18 · Question 27 of 33
A massive shift towards digital media permanently bankrupts traditional newspaper presses. The press operators cannot find jobs because tech companies require programming skills they lack. This is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Structural unemployment
Explanation
Structural unemployment occurs when a fundamental industrial or technological change renders the existing skills of workers obsolete.
More Inflation and Unemployment MCQs
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