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Even commentators who are pessimistic about long-term technological unemployment invariably consider innovation to be an overall benefit to society, with J. S. Mill being perhaps the only prominent western political economist to have suggested prohibiting the use of technology as a possible solution to unemployment. [133]
For example, private organizations or nonprofit organizations have tackled unemployment issues in communities. [60] One challenge is that in some cases, social entrepreneurs may only propose short-term solutions, or that they are unable to scale up their virtual, online organization to a larger degree to maximize the number of people who are ...
Active labour market policies are based on the concept of social investment, which rests on the idea of basing decision-making on the welfare of society in quantifiable terms, by increasing the employability, incomes and productivity of economic agents, so this approach interprets state expenditure not as consumption but as an investment that will produce returns on the welfare of individuals.
By Alan Farnham Long-term unemployment: "The invisible problem," Joe Carbone calls it, because so many of the 6 million workers affected are too ashamed or too despondent to talk about it: Six ...
Researchers have categorized two approaches to work force development, sector-based and place-based approaches. The sectoral advocate speaks for the demand side, emphasizing employer- or market-driven strategies, whereas the place-based practitioner is resolutely a believer in the virtue of the supply side: those low-income job seekers who need work and a pathway out of poverty.
Structural unemployment focuses on foundational problems in the economy and inefficiencies inherent in labor markets, including a mismatch between the supply and demand of laborers with necessary skill sets. Structural arguments emphasize causes and solutions related to disruptive technologies and globalization. Discussions of frictional ...
U.S. employers added 227,000 jobs last month, a rebound from a hurricane-impacted slowdown in October, but the unemployment rate ticked back up to 4.2%, the Labor Department's monthly read on the ...
In order to reduce the negative consequences of austerity urbanism, such as the rise of youth unemployment as well as poverty, social exclusion and the increasing debt prevailing in most Western economies for example, [7] it is considered necessary to be cautious regarding public expenses. [8]