The Higher Unemployment among Less-Skilled Workers
What are the main reasons for high levels of unemployment?
Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.
How do low skilled workers affect the economy?
Less-Educated Workers Will Be in Demand . While the quality of the labor force, as measured by years of education, will level off, the number of hours worked will likely climb over the next decade, boosting economic growth to an average of just under 2.5 percent a year, the paper asserts.
Learn more about Unemployment here:
brainly.com/question/305041
#SPJ2
