Question: If technological change increases structural unemployment, why do most governments and economists encourage such change? Prepare a 2-page paper on this topic. Cite references to
If technological change increases structural unemployment, why do most governments and economists encourage such change? Prepare a 2-page paper on this topic. Cite references to material that you use in preparing the essay.
Be sure to coverat least threeof the following concepts:
- Definition of technological change
- Definition of structural unemployment
- Impact of technological change on employment
- Impact of technological change on future production
- Impact of technological change on the economy
Include a discussion of the following topics:
- How does an economy recover from structural unemployment?
- What government actions help to facilitate this recovery?
Be sure to include one example.
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