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Tuesday 28 June 2011

ECO401 GDB Solution

Question/Description


Unemployment is an economic problem as well as a social issue. It affects the living of all the people in a society whether they are young or old, educated or uneducated, skilled or unskilled. The job of “network administrator” at Virtual University of Pakistan requires special computer skills and applications are invited to fill this position. But a lot of unemployed persons who are looking for work these days don’t have these particular skills.



With reference to the above scenario, which type of unemployment these unemployed persons are facing?

Idea Solution:- Shared By Waqas Anjum

In this scenario, the unemployed persons are facing structured unemployment due to a mismatch of skills in the market. The mismatch comes because unemployed persons are unwilling or unable to change the demand of the market. So, the job of "network administrator" at Virtual University of Pakistan requires special computer skills and applications but most of the unemployed persons are not able for this job because they don't have such particular skill and most of the employees are not willing to change their skills.

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