Saturday, January 22, 2011

Post 24

Mr. Campbell asked us to create 4 scenarios for our life  to describe the 4 types of unemployment.

Structural Unemployment- I use to weld car frames together. Because of the cost to train me, they bought a machine that requires no training and will pay for itself sooner or later.

Frictional Employment- While I was in college I worked at Shop Rite. Now the I have a degree in physics, I can go to work designing roller coasters for Six Flags Great Adventure.

Cyclical Unemployment- I worked in the Labor Union, and because of the recession I am now unemployed.

Seasonal Unemployment- I worked at somebodies house selling Christmas trees, but because its not Christmas season anymore I am unemployed until next year.

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