Identify Three reasons why people today are more than Three times as likely to be unemployed
than in the 1960s:
1. Automation and technological advancements have replaced many traditional jobs with machines and software, leading to decreased demand for human workers in certain industries.
2. Globalization has shifted many jobs overseas where labor costs may be lower, resulting in fewer job opportunities for workers in certain sectors.
3. The increasing complexity of job requirements and skills needed in the modern economy have led to greater competition for available positions, making it more difficult for individuals to find employment.