Jobless are Losing Skills

Last Updated by WikiWealth | Update This Page Flag this page Delete This Page

rating: 0+x

The longer the unemployed go jobless, the greater the deterioration in their skills. Therefore, long-term unemployment could lead to significant loss of necessary skills for the next generation of jobs. If the unemployed can't find jobs and don't have the qualifications to improve their skills through additional education, then the structural unemployment rate could increase over time. These developments could hurt the productivity of a country and lead to slow future growth rates, high government expenses, and low government revenue. …