Economic issues & management policy question (1 Viewer)

[nam]

hey guy i got a economic issues and management policies assessment due next week and i was just wondering if any of u guys know how to answer the following question:


-discuss how labour market policies can influence the level of skills in the labour market or reduce the level of unemployment?


thanks

 

[i-color]

labour market policies actually increase unemployment int he short run because it makes people redundant and deskilled. however, with proper compensation and programs to help them re enter the workforce, + increased efficiency and compeititvenss will mean lower unemployment in the long run

 

[PeT_peT]

i know there is other policies that can help with the unempolyment problem such as monetary policies. increase in the interest rate --> increase of capital inflow (investment) --> higher factors of production demand --> lowering of unemployment

well, that's what i'm thinking. If i'm wrong, then i'm very sorrie.