Structural Unemployment

The structural unemployment in the Bahamas Tourism and banking which are the Bahamas primary and petty(a) industries are owned by foreign sectors, the gross domesticated product is at $3065130000 and total household income is at $1793372500. The Bahamas suffers from Dualism which is the philosophical system that reality consists of two basic opposing elements, often interpreted to be mind and matter (or mind and body), or nice and evil. There should be a dualism by types of ownership whether a foreign sector or Bahamian sector. If owned by Bahamians it should cater to the Bahamian people, there should be a baseborn wage level, shouldnt require a high level of education, there should be a reasonable high walkover of demand for labour, a low level of technology and hick operations. The Bahamian sector would include restaurants, bars, barber shops, vender for fruits/vegetables, farmers, fishermen and topical anaesthetic manufacturers. If owned by the foreign earning would be tied flat to foreign businesses, education level would be high, wages would to a fault be high, elasticity of demand for labour would be inelastic.

The Foreign sector would include banks, hotels, law and accounting firms and other businesses that would pull in from foreign investments. structural unemployment can be reduced by providing government fostering programs to the structurally unemployed, paying subsidies to firms that provide training to displaced workers, helping the structurally unemployed to relocate to areas where jobs exist, and inducing likely workers to continue or resume their education. The term business rhythm method (or economic cycle) refers to economy-wide fluctuations in production or economic practise over several months or years. If you want to get a full essay, order it on our website: Orderessay

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