Discussion Questions Week 2 Essay Example | Topics and Well Written Essays - 750 words - 1

Discussion Questions Week 2 - Essay Example Those who are transiting between jobs can be included in this category. Frictional unemployment is that unemployment caused by information or search costs. Usually when a person quits, is fired, or enters the labour market, there are jobs available for which that person is qualified. The person will be frictionally unemployed because it takes time (and effort) to find the jobs that are available. The emerging students after the completion of their studies who are searching for jobs (new entrants), and those who are seeking better jobs than the present one (Re-entrants) can be considered frictionally unemployed. Frictional unemployment results from the day-to-day changes in a dynamic, changing economic system in which old industries die and new ones are born, in which people get tired of old jobs and old bosses, in which bosses find work of subordinates unsatisfactory, and in which new people enter and others re-enter the labour force. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a mismatch can be related to skills, payment, work time, location, attitude, taste, and a multitude of other factors. The government can advice the students about the career prospects and they can guide them through proper counseling. Proper career oriented training and schooling will help the students in attaining the desired jobs. The available jobs can be notified to the job seekers using different means and at the same time the organizations that have job vacancies should be informed about the available labour force by the government. The prejudices about the jobs and the employees can be avoided through the intervention of t he government. The government can also provide incentives to the unemployed. In this case, the number of unemployed workers exceeds the number of job vacancies, so that if even all open jobs were filled, some workers