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Topic 4.7.1 Employment/Unemployment, Powerful trade unions, High…
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- High unemployment benefits
High unemployment benefits may disincentivise people to seek employment, thus choosing to stay unemployed.
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Lack of info on employment opportunities in an economy may lead to more people being unable to find jobs. Thus leaving them unemployed.
If minimum wages are too high, there will be a reduction in demand for labour (mostly for low skill workers). Thus more unskilled workers are unemployed
Occupational and Geographical Immobility can paralyse workers and limit their ability to switch between jobs.
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