I’ve written about the different types of unemployment before, but let’s recap:
- Frictional unemployment: the unemployment that happens simply because it takes a worker some time to find a new job after he gets laid off. In a perfect world, firms looking to hire would be circling the airspaces of the firms laying people off like hungry buzzards, but instead workers have to go and actively seek companies out after they finish licking their wounds from having gotten laid off. (Some of you may remember that this process was even more fun in pre-Internet days.)
- Cyclical unemployment: the unemployment that happens simply because the economy is in the toilet at a particular point in time.
- Structural unemployment: the unemployment that happens because there is a mismatch between the skills of unemployed workers and the needs of the economy. In other words, this:
The stormtroopers have two options: They can either retrain so that they have skills that their economy needs or they can be entrepreneurial and figure out how to use their existing skills in a new way that their world is willing to pay for. I feel particularly bad for the specialized stormtroopers, since their skills are less likely to be transferable to new jobs. At least they have a bright future as special guests at ComicCon.