The Reason of Unemployment Occur in Taiwan

There are several types of unemployment found in many factors which contribute high or low unemployment in Taiwan - The Reason of Unemployment Occur in Taiwan introduction. 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.

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.

We will write a custom essay sample on
The Reason of Unemployment Occur in Taiwan
or any similar topic specifically for you
Do Not Waste
Your Time
SEND

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.

More Essay Examples on Taiwan Rubric

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.

Haven’t Found A Paper?

Let us create the best one for you! What is your topic?

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.

Haven't found the Essay You Want?

Get your custom essay sample

For Only $13/page

Eric from Graduateway Hi there, would you like to get an essay? What is your topic? Let me help you

logo