Virtual job hunting – frictional unemployment
Monday, January 17, 2011
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Not so long ago looking for a job was an arduous affair involving looking in various newspapers, posting off applications and waiting weeks for the results. Now new technology has revolutionised the industry with websites like Moster.co.uk allowing you to upload a CV which can be viewed by hundreds of businesses.
Economics classes could use this as an example of how to reduce frictional unemployment.
Business classes could read the article and discuss whether this new technology is beneficial to both job hunters and businesses
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