Types of Unemployment and their Causes - part 1 of 3

This lesson introduces the different types of unemployment, the measurement of unemployment, its causes and how to illustrate it in an Aggregate demand / Aggregate supply model.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

[@beebless2358]

10/3/20, College assignment due tomorrow, this popped up on my screen. Thanks.

[@justry_right9766]

What kind of condition would the unemployment rate be overestimated?

[@abdirizaqmustafmursalmursa5738]

Jason welker good vedio

[@shaimaaelshaer9218]

Can I ask you about the program you use in your explanation

[@realdvgarg]

It seems like OneNote.

[@hudasamer8654]

Thanks

[@Nightengale0000]

Thanks 😊

[@blessingmandere6461]

thank you bro for help me a lot ...good points

[@mayankbhardwaj11111]

Thankyou Sir.

[@alimelubisi5381]

Cool

[@SaddamHussain-gx9nc]

How technological change isn't Cyclical ? It immediately lowers the demand and even the liers like Elon Musk say jobs are happening but takes "some time". And we all know that "some time" most probably means never in most employees life time.

[@JasonWelker]

Technological change lowers the demand for certain types of labor, but usually is accompanied by increased overall demand and spending in the economy, thus unemployment arising from technological change cannot be considered "cyclical" since it does not correspond with a contraction of the business cycle. It's a matter of definition.
Not to say unemployment arising from technological change is not difficult and has consequences for those it affects, because it certainly is and does.

[@SaddamHussain-gx9nc]

Jason Welker Artificial intelligence as an example will eradicate most jobs when it reaches the point of singularity, when an artificial intelligent entity starts to have some signs of self guidance, we will no longer be the dominant species. Let alone unemployment

[@JasonWelker]

Good point!

[@SaddamHussain-gx9nc]

Jason Welker Thank you, I'm a recruitment officer by the way

[@adiraje1411]

econplusdal >>>