We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

See Pricing

What's Your Topic?

Hire a Professional Writer Now

The input space is limited by 250 symbols

What's Your Deadline?

Choose 3 Hours or More.
2/4 steps

How Many Pages?

3/4 steps

Sign Up and See Pricing

"You must agree to out terms of services and privacy policy"
Get Offer

The Reason of Unemployment Occur in Taiwan

Hire a Professional Writer Now

The input space is limited by 250 symbols

Deadline:2 days left
"You must agree to out terms of services and privacy policy"
Write my paper

There are several types of unemployment found in many factors which contribute high or low unemployment in Taiwan. The first factor is structural unemployment. This factor made labor substitution exists and this reflects mismatch between the skills and the requirements of the new job opportunities. People lack the necessary skills for available jobs will make the high unemployment. Many people found it difficult to gain re-employment without an investment in re- training after unemployment. People’s tastes have changed or technology moved on often and the demand for product or service is no longer also leads to increase in unemployment rate.

Don't use plagiarized sources. Get Your Custom Essay on
The Reason of Unemployment Occur in Taiwan
Just from $13,9/Page
Get custom paper

The second factor that cause unemployment is fictional unemployment. It is transitional unemployment due to people moving between jobs. For example, university graduates may take time to find and settle into new jobs. If there are imperfect information in the labor market and the people are unaware of the available employment opportunities will make frictional unemployment worse . Third type of unemployment make the unemployment occur is cyclical unemployment.

It occur when there is not enough demand to employ all those who want to work.

Besides, it also is involuntary unemployment due to a lack of aggregate demand for goods and services. For example, if the economy is booming, people will have a lot of demand, firms will employ many workers more than before to product goods. Therefore the cyclical unemployment will at this stage of the cycle be fairly low. The behavior of cyclical unemployment will exactly mirror the trade cycle. There is a disequilibrium in the economy because it depends on the results from short-term cyclical fluctuations in the economy.

Cite this The Reason of Unemployment Occur in Taiwan

The Reason of Unemployment Occur in Taiwan. (2017, Mar 25). Retrieved from https://graduateway.com/the-reason-of-unemployment-occur-in-taiwan/

Show less
  • Use multiple resourses when assembling your essay
  • Get help form professional writers when not sure you can do it yourself
  • Use Plagiarism Checker to double check your essay
  • Do not copy and paste free to download essays
Get plagiarism free essay

Search for essay samples now

Haven't found the Essay You Want?

Get my paper now

For Only $13.90/page