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If technological change increases structural unemployment, why do most governments and economists encourage such change? Prepare a 2-page paper on this topic. Cite references to material that you use in preparing the essay.
Be sure to cover at least three of the following concepts:
- Definition of technological change
- Definition of structural unemployment
- Impact of technological change on employment
- Impact of technological change on future production
- Impact of technological change on the economy
Include a discussion of the following topics:
- How does an economy recover from structural unemployment?
- What government actions help to facilitate this recovery?
Be sure to include one example.
Ensure you have presented your assignment in a logical format, that has an introduction paragraph, the body (one or more paragraphs), and a concluding paragraph. Also, ensure that you have the appropriate formatting to avoid plagiarism and the appropriate grammar (this may be achieved by using free tools available on the Internet).
The following criteria will be used to grade the papers:
- The essay discussed at least three of the following concepts: (1) Definition of technological change, (2) Definition of structural unemployment, (3) Impact of technological change on employment, (4) Impact of technological change on future production, and (5) Impact of technological change on the economy.
- Discussed the following topics in explaining why do most governments and economists encourage such change:
- How does an economy recover from structural unemployment
- What government actions help facilitate this recovery.