2. Machines are smaller and easier to
deploy.
Machines produce more.
(results in technological unemployment)
The replacing of labour with high technological
machines have become much more imminent.
There is an increase in labour unemployment.
Skilled labour for the operation of machinery.
3. Increase unemployment
Increase in wages without increase
in productivity
Reduce demand for labour
4. 2 types of unemployment:
Voluntary unemployment
Involuntary employment
Countries provide cash and social security.
Lower the will to work
5. Total employment cost are more than wages, it
also includes additional cost.
Increase in additional costs would cause fall in
demand.
6. People may remain unemployed if
they have trouble finding jobs
Workers could benefit the economy with their
skills for the right jobs
Government can help people search for jobs.
7. Increase in unemployment due to minimum
wage laws.
Results in lower demand for labour.
8. Inability of workers to move into other jobs.
Occupational immobility.
Trade unions preventing non-union
members from entering jobs.
Sex/race discrimination
Geographical immobility
