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Is human capital they key to avoid being structurally unemployed?

Is human capital they key to avoid being structurally unemployed?

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Answer #1

Human capital refers to stock of knowledge, habits, social, personal attributes which includes creativity and skill sets. Structural Unemployment refers to a person who looses job because of miss-match between skill sets of an individual and requirement of industry. So people who are not updated with technology or industry skill sets would lose jobs and become unemployed.

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