Unemployment can be caused by various factors from "summary" of Basic Economics by Thomas Sowell
Unemployment is a complex phenomenon that can be influenced by a multitude of factors. One of the primary causes of unemployment is a mismatch between the skills that workers possess and the skills that employers need. This can result in a situation where there are job openings available, but no qualified individuals to fill them. Another factor that can contribute to unemployment is changes in the structure of the economy. As industries evolve and new technologies emerge, some jobs become obsolete while others are created. This can lead to layoffs and downsizing in certain sectors, leaving workers without jobs. Additionally, economic downturns, such as recessions or depressions, can also lead to high levels of unemployment as businesses cut costs and red...
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