Wednesday, October 16, 2013
Structural? Or Frictional?
I've had a second hand experience with frictional unemployment in my family. My mom was laid off from her job as a health inspector in a colored contacts company. After taking a month off, she started managing our Subway, and continued for 4-5 years. Due to a prolonged time off from her health inspector position, she couldn't get a job because she had 'lost her skills' and was 'not up to date with the new health guidelines and technology'. Strangely enough her frictional unemployment had turned into somewhat of structural unemployment.
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I liked how you recognized that this situation could be classified into two different unemployment types. (I am sorry to hear about it though). What may first seem as a frictional unemployment can easily turn into a structural unemployment after a long period of time.
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