Costs and Benefits of Unemployment

[@quinncarroll9410]

The big daddy of modern economics

[@martinka217]

You helped me through A-levels, now getting ready for my first-year university exam and still watching these videos... Thank you for helping us all pass.

[@hannah6778]

same here!

[@jasminebathnz3788]

I was looking for a video like this to share with people who do not understand unemployment and the Importance of unemployment benefits that are provided by government. I finally found it. 👍

[@mahfuzahmed971]

So much has changed since I first watched these videos in y1 of 6th form. I’m only in 2nd year of uni now but my god how time flies. Happiness Sadness but mostly just a longing for times in the past

[@devikaharrynarine9778]

very helpful video. currently doing macroeconomics and this was very much appreciated. looking forward to watching and learning more from your videos

[@zarminafaizan4853]

You are amazing! Stay blessed!

[@connor-y1x]

EconplusDal giving us deep talk on self-worth depression etc then "anyways" haha

[@priyabratadas921]

Very well explained indeed. There is one thing which I found disputable. Structural unemployment might not always be bad. I think that it is a sigh that there is technological advancements and robots are taking over a lot of jobs which eventually lead to higher productivity and higher-quality goods.

[@stephencastillo]

I agree, but that is only for consumers , for workers this would cause a lot of redundancy

[@stephencastillo]

so more welfare cost

[@ladman1494]

Would you also talk about a reduction in inflation as a benifit of unemployment ? - relating to the Phillips curve

[@영선-r7r]

Ahh this literally opens my mind up further and lets me collect all the data in my brain in one place!! THANK YOU SO MUCH I LOVE YOU😍😍

[@영선-r7r]

You're honestly the best econ teacher!!

[@Mrbesano]

27 hours until Econ paper 1 :'

[@gtfofammmmm]

besano May the 4th be with you.

[@sophiamartin9442]

besano #IBLIFE #STUDYHARDORGOHOME

[@Mrbesano]

sophia martin thanks for the words of encouragements guys

[@sophiamartin9442]

besano i feel your pain lol. econ hl :(

[@mollymolly9447]

besano ALL THE BEST.....I REALLY CANT WAIT

[@embrey7021]

Another cost to the economy may be loss of skilled workers or workers in general. When it is difficult to find jobs labour will become discouraged and lose confidence in the UK economy. They will then search else where with lower unemployment levels to ensure they are not losing income and stabilise financially. This is specifically applicable to the UK economy as we have high levels of migrant workers from countries such as Poland, these workers were not afraid to move countries for economic gain so they will not be afraid if there is little benefit left for them in the UK economy. As a result LRAS will shift backwards causing a reduction in potential output and may cause inflation dependent on the position of the economy

[@white84815]

Thank you so much for these videos! Very helpful for revising; clear, well delivered points Keep it up!

[@Mrbesano]

Btw, Thanks a lot dal, unemployment consequences came up on paper 1 macro part b) :)

[@austinwachira5185]

Exceptional Thanks!

[@formularainbow]

so in the case of hysteresis as you said that the skills of workers are outdated, so can we consider it as a reduction in the quality of labour i.e which reduces the potential growth of an economy if it is on a large scale (shown by a leftward shift in the LRAS)?

[@Pedro-ml5mb]

yes

[@chiarapowell1177]

Can you do a video on monopsonist labour employers and trade unions ?

[@finnmangan7722]

Dal 2 trappy

[@aryanoberoi7528]

This was soooooo helpful thanks !!!

[@mondligungubele7034]

Can you make presentation on derivative assets

[@mansoorkhan2329]

I am getting scared. Two weeks and no new video :'( please don't stop, plus, can you make some vids on labour market, trade unions and poverty unit 3 aqa Thanks

[@amankataria1997]

great vid!

[@ThedragonPsn]

At 2:32 could there be fiscal deficit?

[@zeekayy8906]

Yes, a fiscal deficit leads to borrowing in order to finance government spending which he mentions later.

[@jacksyder-mills]

Would you therefore say that structural unemployment is the main contributor to hysteresis?

[@EconplusDal]

Jack Syder-Mills Yes absolutely

[@ABESW0RLD]

Why isn't deflation a benefit?

[@sanahabib4331]

Dal on every point: oh so this one is really an important point.

[@thesnackbandit]

If they are all important, then they are all relatively unimportant and therefore we need not remember anything 🍻

[@thomaswatson4372]

HI GEORGE 👍🏻

[@xXANASLOL]

does anyone which university he graduated from?

[@alirezazadeh]

york st johns

[@alirezazadeh]

jks prob lse or another top uni

[@kapilbhiwal3969]

Sir please add subtitles in your video. Please sir

[@hiromikoyama82]

3 days until paper 1...

[@eliottliau9973]

DADDY DAL

[@charlieh2088]

9.43

[@aaliyahkrs]

i would unemploy for you

[@aaliyahkrs]

economic daddy

[@ev3rittt]

Up the toffee’s