Tuesday 714

 Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed.

PART 9 The Real Economy in the Long Run
Chapter 28 of 36 Unemployment
Section 10 of 21
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Here we discuss four explanations for long-run unemployment
-1- frictional unemployment
-2- minimum wage laws
-3 - unions and collective bargaining
-4- efficiency wages
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-1- Frictional Unemployment, continued
Although some frictional unemployment is inevitable, the amount is not.
The faster information spreads about worker availability and job openings, the faster the economy can match workers and firms.
Government public policy may play a role.
If policy can reduce the time taken for unemployed workers to find new jobs the economy's natural rate of unemployment can be reduced.
Government programs try to facilitate job search in various ways including through government-run employment agencies and public training programs.
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Advocates of these programs believe they
· make the economy operate more efficiently by keeping the labor force more fully employed
· reduce inequities inherent in a constantly changing market economy
Critics of these programs
· question whether the government should get involved with the job search process
· argue it is better to let the private market match workers and jobs
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In fact, most job search in our economy happens without government intervention.
In the private market information about job openings and job candidates is spread in various ways, including newspaper ads, internet job sites, college placement offices, employment agencies.
Also, worker education is mostly done privately, through schools or on-the-job training.
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critics of these programs
korera no puroguramu no hihyō-ka
これらのプログラムの批評家
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How does the state of Indiana help someone looking for employment? ChatGPT:
Indiana helps job seekers through the Department of Workforce Development and local WorkOne Career Centers, which provide job listings, résumé and application assistance, career counseling, skills assessments, interview preparation, and referrals to employers.
The state also offers free or reduced-cost training for high-demand occupations, specialized help for veterans and people with disabilities, and temporary unemployment benefits for eligible workers who lose their jobs through no fault of their own.
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How can ChatGPT assist someone looking for employment? CGPT:
ChatGPT can help someone looking for employment by
-identifying suitable job types, improving a résumé and cover letter
-preparing answers for interviews
-list of job postings
-practicing interview questions
-drafting follow-up emails
-organizing a job-search plan
It can also help compare offers, research careers, and tailor application materials to a specific position.
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List job openings in the Munster Indiana area for house construction carpenters. CGPT:
⦁ StoneBridge Construction
Carpenter / Laborer
Dyer, IN
From $22 an hour Full-Time
Full-time construction position in Dyer involving carpentry and general labor.
The employer seeks construction experience, dependable transportation, and familiarity with varied carpentry tasks.
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⦁ Benson Inc.
Framing Carpenter
Crown Point, IN
$45,000 - $75,000 a year Full-Time
Full-time residential framing job in Crown Point. Duties include building floors and walls, setting roof trusses, installing rafters, windows, and doors.
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⦁ Service Doctor
Lead Remodeling Carpenter & Maintenance Technician
Merrillville, IN
$22 - $26 an hour Full Time
Full-time lead remodeling carpenter position in Merrillville, focused on residential remodeling, maintenance work, craftsmanship, and customer service.
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⦁ Patriot Clean Out Services
Carpenter
$22 - $30 an hour Full and Part-time
Carpenter opening in Valparaiso with a local construction contractor.
Full-time or part-time work is available, and at least two years of experience is requested.