Labor Market Policy

Labor Market Policies Introduction Passive tire food market store policies involve unemployment benefits or early retirement. They payer the abnormal until the next byplay, or until retirement, but accomplish little else. degraded labor mart policies be those like government support for job training, job search, hiring incentives for businesses, or direct job creation. (Nie & adenosine monophosphate; Struby, 2011, p. 35) states U.S. labor market policies historically need focused on providing unemployment insurance during downturns. These programs have provided financial support for unemployed grazeers on the premise that the circular downturns would prove to be temporary. Because these programs do non directly help head for the hillsers find jobs, they argon called passive labor market policies. Active labor market policies need to be increased because to a greater extent good jobs institutionalise lessening crime and poverty. The United States is lift the bo ttom of this list, consumption slightly less than 0.5 percent of gross domestic product on labor market policies (Nie & Struby, 2011, p. 41) Unemployment There argon five types of unemployment; structural, frictional, hard-core, seasonal, and cyclical. Structural unemployment is the result of structural changes in the economy. frictional unemployment is someone who is constantly changing jobs.

Hard-core unemployment is when people do not want to work, or who be provideing to work but are unable because they are physically disabled, ill, or have serious psychological problems. Seasonal unemployment is due t o the changing of seasons. Cyclical unemploy! ment is the result of a general depression or recession in the economy resulting from the trade cycle. There are no positive aspects of unemployment and it negatively affects the economy. Resources are wasted because or else of producing goods and services they are not being productive. Their income will belittle and it could cause poverty. Unemployment diminishes the amount of taxes paid which means that the government will be losing money. Less people...If you want to get a in full essay, order it on our website: BestEssayCheap.com

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