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Jaidyn Shannon
Social Studies
3 May, 08:42
This is the lack of jobs for willing workers.
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Milo Doyle
3 May, 08:58
0
Unemployment
Explanation:
Unemployment occurred when workers already made an effort to obtain the job position, but the company do not want to settle on hiring the workers with their standard.
This could be caused by these following reasons:
- Bad economic situation in their country
- The Competition from other countries make it hard for local businesses to make profit to pay for workers
- Invention in new technologies make the existing job become obsolete
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