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If the technological change increases structural unemployment, why do most governments and economists encourage such change? Prepare a 2-page paper on this topic. Cite references to material that you use in preparing the essay.

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Sixta Kovacek
Sixta KovacekLv2
22 May 2020

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Related questions

Why do bourgeois approaches to urban environmental sustainability tend to put so much emphasis on green technologies?

1. Because a technology-heavy approach to environment requires little structural economic change, leaving capitalism and its shibboleths (growth, privatization, individualism) unthreatened.

2. Because the technological approach to environment makes promises of profit as well as sustainability.

3. Because such an approach allows economists to indulge in simplistic, one-dimensional models decoupled from a more complex, holistic analysis encompassing social, cultural, ideological and historical as well as economic factors.

4. All of the above.

Each month, usually on the first Friday of the month, the Bureau of Labor Statistics releases the Employment Situation Summary for the previous month. Go to www. bls. gov and find the latest report. On the Bureau of Labor Statistics home page, at the top of the page, select the Subjects tab, find “Unemployment, and select National Unemployment Rate. Click on News Releases on the left-hand side of the page and look for the Employment Situation Summary (open the pdf version).

Answer the following questions in standard essay format (introduction with a thesis statement, body paragraphs that include data to support points made, and conclusion). Write your answers in your own words. If you use a direct quote, be sure to use quotation marks and cite your source.

1. How does the current national unemployment rate compare to the rate one month earlier? One year earlier? What changes have occurred in the economy over the past year that would have influenced the unemployment rate?

2. How would you be counted in the employment figures? Why? Be specific.

3. Research to help you determine if our economy currently includes structural, frictional, or cyclical unemployment, keeping in mind that any combination of these three types of unemployment can be present at the same time. Be sure to support your position with data. This essay should be 1 to 2 double-spaced pages typed in a 12-point font. Conduct research and reference your sources both in the text and in a properly-formatted bibliography (MLA or APA format). Be sure to review the grading criteria for further details about how this essay will be graded.

Firms that are in the same industry commonly locate near one another, and examples include

Silicon Valley in California, the Research Triangle in North Carolina, and the Route 128

corridor near Boston. One explanation for this observation is that there are “synergies”

between the neighboring firms, which we can view as positive externalities based on our

study of managerial economics. For example, bio–tech research on cancer conducted at one

firm may stimulate ideas for research on heart disease at a neighboring firm, perhaps as

employees change jobs over time or communicate with colleagues in other companies. Based

on what we know about positive externalities, should local or state governments encourage

the development of such technology centers? If so, please briefly describe a few possible ways

that state or local governments could encourage these firms to locate near one another

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