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The Next Big Economic Crisis - UNEMPLOYMENT

Valuetainment

CHAPTER

Six Key Factors That Cause Unemployment

There's four different types of unemployment. Frictional unemployment has nothing to do with the economy, transitioning out from one job to another is called structural unemployment. Seasonal unemployment just happens every year; cyclical unemployment is a part of capitalism, boom and bust. If people are having a job, they're paying the bills, crime is lower. Re-election for politicians. If it's high, you're not getting re-elected,. crime is up, a lot of uncertainty. People are not spending money. They're not investing into different communities. It's very, very unpredictable.

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