Disequilibrium Employment:
The state of unemployment where demand for labor is reduced because of government imposed minimum wage requirements and wages are "pushed" above equilibrium. The Different Types of Occupations with Disequilibrium Unemployment: Cyclical unemployment is when a company has too many employees and not enough positions. Many companies have had layoffs recently, like Citigroup, Fidelity Investments, Pepsi, and QVC. Possible Solutions to This Type of Unemployment: You can avoid disequilibrium unemployment by preventing the full employment level of output. |