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RE: Macroeconomics - Unemployment
I find it interesting that you identified 4 types of unemployment in your video and none of them addressed unemployment as a result of public policy decisions. Why is that?
You make a good point. Public policy decisions are often an underlying cause for several types of unemployment. For example, increased working hours, higher unemployment benefits, changes to minimum wages and so on. Public policy can triggered a downturn, hence cyclical unemployment. Public policy can result in operations moving overseas.
A possible idea for a future post could be to focus on how public policy influences unemployment for better or for worse.
Agreed. You might want to check out the work of economist Dean Baker. He's written books on the subject. You can find him here:
http://cepr.net/blogs/beat-the-press/
Sure, thanks for the link. I'll have a look at what he's written.