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Group 3
By: Abdullah, Evelyn, Pheby and William
 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.
 Increase unemployment
 Increase in wages without increase
in productivity
 Reduce demand for labour
2 types of unemployment:
 Voluntary unemployment
 Involuntary employment
 Countries provide cash and social security.
 Lower the will to work
 Total employment cost are more than wages, it
also includes additional cost.
 Increase in additional costs would cause fall in
demand.
 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.
 Increase in unemployment due to minimum
wage laws.
 Results in lower demand for labour.
 Inability of workers to move into other jobs.
 Occupational immobility.
 Trade unions preventing non-union
members from entering jobs.
 Sex/race discrimination
 Geographical immobility
Technological Change and Imperfections in the Labour Market

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Technological Change and Imperfections in the Labour Market

  • 1. Group 3 By: Abdullah, Evelyn, Pheby and William
  • 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