... the economy move from labour-intensive production to capital-intensive production, thus less labour force is needed. For example, the introduction of online banking reduces the manpower needed in the banking industries. In order to tackle the situation, government should provide retraining to these people so that they can acquire update and technical skills. Also, the government can also improve transport facilities to help job seekers to take up jobs located faraway places. Lastly, government should set up laws against discrimination, such as age, sex or race. It would also help to reduce the barriers that stop a person from changing occupations or moving to other places to take up a new job. Secondly, we have fictional unemployment. This occurs because the labour market is not functioning smoothly. There are some frictions that prevent the free flow of information about job vacancies and the availability of talents. People are unemployed because ...

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