Unemployment theory
Unemployment theory
- Rising real wages, insufficient demand, increasing labor supply,
Unemployment theory equilibrium unemployment
- Frictional unemployment, structural unemployment, seasonal unemployment
Unemployment theory refers to people who are working age and not working but are willing to work at the current wage rate. Unemployment can be expressed in terms of both numbers and percentages. However, everyone who does not have a job cannot be attributed to unemployment, such as children, pensioners, and those who do not want to find work.
