Solutions
Policies to reduce frictional unemployment include:
- educational advice;
- schooling and training facilities;
- information on available jobs and workers;
- combating prejudice (against certain workers, jobs or locations);
- incentives and regulations (e.g. when the frictionally unemployed receive benefits);
- relocation of industries and services;
- facilities to increase availability and flexibility (e.g. daycare centers);
- aid or grants to overcome a specific obstacle (e.g. if a handicapped worker is employed);
- reduction of the gap between gross and net wages (e.g. by taxing consumption instead).
- When handing out work permits (to foreigners), i.e. must stay with that company at the same work place address as state on the work permit
Read more about this topic: Frictional Unemployment
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