The unemployment of Lopez is an illustration of Structural unemployment.
Structural unemployment is the phrase used to describe long-term unemployment driven on by economic developments. Even while there are open positions, there is a mismatch between what employers want and what the current workforce can provide.
In order to reverse long-term structural unemployment, major restructuring is often needed. Technology has a tendency to make structural unemployment worse by marginalizing certain employees and making some jobs, like manufacturing, obsolete. Additional than the business cycle, other factors contribute to structural unemployment. As a result, it can be inferred that structural unemployment can last for years and that serious action may be needed to remedy the problem.
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