Y1 23) Costs and Benefits of Unemployment

Video covering the consequences (costs and benefits) of unemployment. Costs and Benefits of Unemployment
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[@JaisulNaik]

Love the hysterisis point and always relate the costs and benefits of unemployment to the specific type of unemployment if there are any clues in the question or extract. Because then the A* students will choose policies ACCORDINGLY to whether it is cyclical or structural unemployment. If we should use demand side to boost AD or very specific supply side policies to fix problems such as de-skilled workers (hysterisis).

[@julianalfaro6508]

Thank god for Dal

[@murakami1793]

hey dal! could you do a vid on predicted questions for the edexcel a economics paper 1?

[@a.agastya]

wake up babe, new dal video dropped

[@CornG4397]

Good Morning Dal

[@quokkasrock]

how does it feel like to be economics daddy

[@JaisulNaik]

Thanks Dal for the amazing video as always. I have notes for AQA and Edexcel A Level Economics which I made while studying for my exams and I also used these videos a lot. I also make videos for A Level Maths so I would really appreciate a follow and would be happy to help. My notes are in my channel description!

[@rafigamma07]

Can you think of any benefits of unemployment to the government?

[@zak1495]

Possibility of less cost-push inflation (less wage inflation) and less demand-pull inflation, which reduces the chances of a wage-price spiral from occurring, which can help contribute to the government achieving their target inflation rate of 3%

[@KSinghhhM]

Possibility that the cost of wages for governments (current spending) decrease because of consumer confidence decreasing meaning that workers would take a lower wage to guarantee employment

[@oliverjullien1105]

It improves the current account position as people with lower incomes (people on unemployment benefits) import less (as imports are more expensive).

[@zak1495]

AQA 2024 Hot Topics for Micro and Macro?

[@JaisulNaik]

I think he releases this a bit closer to exam but also give me a follow as I will be posting some predictions and potentially doing a livestream too

[@tariqsdiaries]

Economics

[@gabrielgoldschmidt4309]

my mush