Question : Which of the following is an example of structural unemployment?
Option 1: A person loses their job due to a recession
Option 2: A person is searching for a job after completing their education
Option 3: A person's job becomes obsolete due to technological advancements
Option 4: A person is temporarily unemployed between jobs
Correct Answer: A person's job becomes obsolete due to technological advancements
Solution : The correct answer is (c) A person's job becomes obsolete due to technological advancements
Structural unemployment refers to unemployment that arises from a mismatch between the skills and qualifications of workers and the available job opportunities. It occurs when there are changes in the structure of industries or the economy that render certain jobs obsolete or reduce the demand for specific skills.
Structural unemployment is a type of unemployment caused by changes in the structure of industries, technology, or other long-term shifts in the economy, leading to a mismatch between available jobs and the skills possessed by workers.