Solutions
Policies to reduce frictional unemployment include:
- educational advice;
- schooling and training facilities;
- information on available jobs and workers;
- combating prejudice (against certain workers, jobs or locations);
- incentives and regulations (e.g. when the frictionally unemployed receive benefits);
- relocation of industries and services;
- facilities to increase availability and flexibility (e.g. daycare centers);
- aid or grants to overcome a specific obstacle (e.g. if a handicapped worker is employed);
- reduction of the gap between gross and net wages (e.g. by taxing consumption instead).
- When handing out work permits (to foreigners), i.e. must stay with that company at the same work place address as state on the work permit
Read more about this topic: Frictional Unemployment
Famous quotes containing the word solutions:
“Those great ideas which come to you in your sleep just before you awake in morning, those solutions to the world’s problems which, in the light of day, turn out to be duds of the puniest order, couldn’t they be put to some use, after all?”
—Robert Benchley (1889–1945)
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—Jean Baudrillard (b. 1929)