Types of Unemployment: Frictional, Structural, Cyclical, and Seasonal
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- Опубликовано: 10 сен 2024
- We just learned about the labor force, but what about those who are unemployed? What are the reasons that people might be unemployed? What does this signify about an economy? Is it possible or desirable for there to be zero unemployment? Let's dig into this concept now!
Script by Matt Beat: / iammrbeat
Animation by Ignacio Triana: / unraveled
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Some unemployment isn't really unemployment. Some unemployment is just thousands of guys waiting to get discovered as rappers.
Unemployment on gaming please
Oh my god, I've got a social studies exam at the 30th of this month. My whole class got confused at these type of unempolyments.
Thanks a lot, Professor Dave!! This is exactly what I needed.
is it just me and was this easy to understand or was it Prof. Dave who made it easy to understand?
Good luck on your exam!
This whole series on economics has been extremely informative. A lot of people don't understand the U.S.' definition of Unemployment Rate, and it gets misused quite often - even by certain past Presidents. Thanks, again, Professor Dave, for another solid teaching moment.
Also, just out of curiosity, back when you were doing the band gig, did you consider yourself employed or underemployed? Watching all those videos on your other channel, it certainly seems like you were enjoying the music.
I mean I didn't consider the band to be employment because I wasn't really earning any money. I had to teach/tutor all the while and was broke as a joke. But it's still the dream!
@@ProfessorDaveExplains Right on. Dream big!
"certain past Presidents"? Maybe more like damn near every politician we've ever had.
What is it called when you have a disability and go to government programs for 10+ years and ask for a job, but you don't get taken seriously, and only get internships thst lead nowhere, and when you're 30 years old you get kicked out of the programs even though the company you were at the last time promised you a job if you interned for a couple more weeks?
It's called capitalism. And it's cancer.
Hardcore unemployment
Just found your channel and binge watching. Love it! Where do people on Social Security Disability fit in? It’s so true what you said at first that your job is a big part of your identity. Not working really changes things you never think it would.
Omg this is like magic. My Social Studies teacher just discussed this!!
Same!! My SST teacher also discussed this in Economics.
Unemployment, the final frontier, these are the voyages of an unemployed, who is continuing mission, to seek out how people without work can become happy, to boldly go where no man has gone before. 🖖 (Into a future were industry and economy are completely automated and we all receive an unconditional basic income.) Cheers 😉
You didn't say WHY it's impossible to have %0 unemployment.
In a nutshell, it's not good for business. Employers must be able to extract as much value out of their employees as possible, and they can do that partly by always indirectly threatening them with unemployment, as there exist many people who can take their place. Job security is not profitable.
Sounds like somethin out of kapital
@@Mae_Dastardly It has nothing to do with any ideology. It's pure reality, unfortunately.
Your explanation talks about why it's not recommended or isn't happening, not impossible. The structural unemployment slides speak to me the most, so I'll use that type for an example. Say everyone is employed. Some people's jobs are to make other human tasks more efficient, and as technology advances, the human is removed from that task. If someone's aim was to stop technology from removing humans from their tasks, one way to do that would be stopping the people that advance this technology from doing their jobs. If those people are not needed, their position would become obsolete, and they would be affected by structural unemployment.
Preserving the labor force of one industry in this example would mean putting the humans in the other out of work, since there will be less tasks than people available to do them no matter which way the scale tips. Either employers take on advancements to increase their employees' efficiency, eventually eliminating one or two employees at a time, or inventors are driven out of work.
Someone could say that these employees could work alongside the technology, but the only way to keep all of the employees would be to expand the business, and space for expansion is finite. Even if all employees work from home, some of technology's next advancements would be to make the human side of even their work-from-home tasks more efficient, and eventually, fully automated. There won't be room for everyone.
Exactly. It's the reserve army of labour, as Marx correctly noted.
This was correctly noted by Marx in the concept of the reserve army of labor.
You are real Hero, Prof. Dave! 👏👏
Oh this is why I'm unemployed rn?
Well done Dave.Thanks! Professor School of Business Conestoga College Ontario Canada
Mmmm .. as a former HR student, it's a good refresher course for me
Very informative thank you 😊
The ideal situation would be for a person to live in Minnesota and be able to both, mow lawns and plow snow. Or just move to Minnesota, if they already have the particular skill set... 🤔
Would be nice to see sociology here. It'd be great if you could explain Luhmann, Bourdieu, Berger and Merton etc. to us.
you gave me big idea by few minutes. that's great!🤩
Why I feel prof Dave is having a shift from general science content or has he completed all those topics
Just expanding the breadth of the channel. I still have plenty more science to cover.
@@ProfessorDaveExplains if you were a bettor or a gambler I would love your feedback on the difference. Your explanations make it easy for someone like me to follow. And I learn something along the way.
One thing Id like to note is that some employees aren't necessarily bad employees, but fired because of egotistical bosses who came across a slight that they committed and used that in documentation for their termination of employment.
15-06-2024
learnt about types of unemployment
Thanks
very informative
informative video thanks
Thank you Chemistry jesus.
"Hitler had dared to declare Germany independent of international finance. He had dared to find work for the unemployed.... He had dared to dethrone money as the god of the human race. He had dared to remove the class barriers thrown up on the pavement of gold." - William Joyce, "Twilight Over England", 1940
Great videos
thnks
Hello Mr Dave I want you to make more planet Video I miss it
Hopefully I don't ask to much
Love you .
Thank you. ^_^
Can seasonal employees apply for unemployment in Colorado?
Very good video. A social issue I actually care about! I hope all sociology students learn this. Sociology I respect.
Professor Dave should teach us sociology. Especially Bourdieu and the habitus is important. I also like Luhmann, but it's not easy.
@@wasanderesalsihrseid He should. Good idea. I would very much like to see more of this. What's your fav books and textbooks?
@@chadliampearcy Well, I didn't read that much yet, though I own the main work of Pierre Bourdieu and Niklas Luhmann(those are difficult to read and also much to read). But I'm thinking very much about the concepts in my head, especially habitus concept and system theory. Habitus is pretty important for things like social inequality between gender, race, class and sociology of knowledge and science.
What I don't like are socialbiologists who actually think the social differences of races and gender in our society are a natural order. Which is called biologism(an ideology actually) and some evolutionare biologists tend to such views, which is totally idiotic to think if you know the sociological perspective. Sociology can explain society so much better than biology. The latter is just a whole fallacy.
@@wasanderesalsihrseid Thanks for the recommendations. I will check them out or at least add them to my library.
I'm unsure where I stand on the question of which 'social differences' are natural and which are while, 'social'. The most important thing to me is that humans and other animals are not regarded as that different. I take issue with any theory that makes a huge differentiation between us and other animals. Yes, there are things that make us uniquely human, but we are like other animals all the same.
Of course I am of belief that 'human races' are fundamentally the same, the social differences are cultural if anything, while the biological differences are things like skin tone and hair and maybe things like disease resistance. We're not very different. I don't believe there would be enough selection pressure for 'real differences'. A 'german' family may be 'smarter' than another 'german' family but somewhere else there would be a 'slav' family just as 'smart'. There are more differences within a race than between races. If Neanderthals were still around I might've begged to differ, but they're all dead.
If there were social differences of genders across different societies in humans that would be a social or cultural difference. But if it were among species, it would be quite the question.
I tend to think that what may be 'common' may be 'the natural order' allowing for some discrepancies. It may not be just the same. If there are differences in something there's probably not a 'natural order' to it.
I think the question is a rather fundamental one in the field of research and we should study a topic with both hypothesizes in mind.
@@chadliampearcy My comment gets deleted the whole time.
My type of unemployment is fictional, which I commonly refer to as "I wish I didn't have to work for a living"
One of the big reasons I went into the HVAC/R industry is because short of a collapse of civilization, my skills will always be in demand, at least for the remainder of my lifetime. ;)
Not in Europe. They just use fans when it gets hot and put on sweaters when it gets cold. They don't get America's obsession with heating and A/C.
@@BJ-xm6bi Fans and sweaters totally explains the fast growing 7.5 billion euro a year HVAC market in the EU, not even counting refrigeration!🤪
Unless we redesign housing and homes, plumbing and hvac will be some of the last jobs to automat for sure!
Especially since people are so opposed to change and entrenched in the idea of “it’s always been this way so it will always be this way”. As foolish as this is, it’s super prevalent and detrimental to us all.
As much as things have changed in modern times, so many things really do remain the same, such as our homes, being built on sight with old materials.
Plus the way contractors work, which is to build or repair homes in a way that makes future repairs very hard to do, it’s actuality a mentally of “i won’t be the person to do the next repair, so let’s do this the easiest way even if it’s going to fail and require repair in the future, as long as I get paid and the owner thinks it works then it’s a job well done. If you’re in hvac then I’m not telling you about the concept of “F-- the next guy and the homeowner” I’m sure you encounter it daily! I’m a novice but I often terrible repairs that even I can do better with my minimal skills and knowledge… things like exposed coolant lines or ductwork that hang down and take a route that’s longer than needed, poorly sealed plenum. My home should have atleast 1 more return air vent to help distribution… usually I’m told I need to add more vents to pump out more cold air to the warm rooms. 🙄
Are we just going to gloss over what happened to Vince's Mum? he no longer has to care for her. Is she dead? did Vince have anything to do with this? maybe the resentment of having to care for her became too much... I'm just saying...
i stopped looking for job all positions require job experience and my last job was in construction work
So if I decide to dedicate my life to being a homeless person, then I'm not unemployed? The same applies when I win a lottery ticket, have some source of income as being a landlady or start selling drugs?
Collecting money from rental properties is a legitimate job. Dealing in the black market could be considered employment as well.
@@VitalVampyr What if I'm getting money just from having wealthy parents? Is "unemployed" only a person who doesn't have a job and is actively looking for one?
@@elzbietakowalska6432 The official U.S. definition is "people who are jobless, actively seeking work, and available to take a job". There are plenty of people from the FIRE community (Financial Independence, Retire Early) who retire in their 30s . They do not count as unemployed because they have saved a crap-ton of money and live off interest, dividends, etc...
Thank you Chemistry Jesus!
Edit: Thank you Employment Jesus!
Hey professor Dave, can you please debunk the lies about global warming?
He seems like someone who has fallen for the global warming hoax (though I hope I'm wrong). If anything, we're headed for another ice age, not a warmer planet.
When you say lies about global warming, do you mean the lies from the oil/coal industry that say global warming is a hoax?
@@BJ-xm6bi I means the lies that claim that humans are responsible for the earth warming, when there isn’t even enough evidence to back it up.
Lol, he really knows about all kinds of stuff
The guy is the quintessential know-it-all. Can't stand his type. Master of arrogance.
@@BJ-xm6bi he is sharing what he knows to help others no need to be bitter about that
Just out of curiosity ... Are youtubers considered unemployed?
I made an S-corporation for myself so I am self-employed.
Which type of Unemployment does the disabled fall in
Which type of Unemployment does those who are Ignorant of the Knowledge of Jobs Fall In
For disability it's called residual unemployment
@@fatimohishaq2615
Thank Your Soo Much
India
There is a 5th type: being a punk : )
Life goals
There is also disguised unemployment
JeSus
Red flags
Thanks jesus
Great video! Curious how an economist might describe the current economic situation: where we have tens of millions of available jobs, and even more laborers who refuse to take these jobs, despite their desire for one.
People don't want work, they want a livable wage.
Third
Bruh moment
Jesus is king 👑
He is a King not a god😂
You forgot… “Millennial”. 😂
Is there supposed to be a joke in there somewhere?
@@ProfessorDaveExplains cmon Dave…it’s a joke. Not everyone is a Dave Chapelle
Under appreciated and mostly correct
There has to be truth in a joke for it to be funny.
@@ProfessorDaveExplains dude…it’s a common joke that millennials don’t want to work. Just as it’s gen x that live in basements. Hope you are not taking things too seriously. It made me deathly ill and helped form my tolerance of bad humor…after all, it’s the internet
Björn#4330
😂🎉🎉🎉😂❤❤😮
💕💒🍪
Cyclical unemployment is the only one I think could be reasonably reduced if we deregulated the economy and switched to a fixed-volume money supply. Most economic downturns are caused directly by changes in government policy which have negative impacts on the market and thus everyone's lives.
Practically every economic downturn ever has been the result of some kind of disaster (like a plague or war) or from poorly regulated markets overleveraging assets.
The 2008 crash was caused by a de-regulated housing market.
@@Fanon1916 2008 was literally caused by lending laws which forced banks to lend to people with poorer credit on the basis of race, and those bad loans caused market inflation, and ended up being bundled into toxic asset swaps. It's the direct fault of government regulation producing a perverse incentive in the market and then subsequently giving those unscrupulous lenders free money to bail them out of their poo poo kaka mess. It was directly the fault of the government all the way down. Them literally not touching the housing market would've prevented 2008 from occurring, you economically illiterate sheep.
Why you look like Jesus 😂😂
First.