Structural Unemployment in the Golden Age | Golden Age

Structural unemployment in the Golden Age refers to the involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers. This form of unemployment is often brought about by technological changes, shifts in consumer demand, and the evolution of industries. As the Golden Age emphasizes conscious communication, new economics, and regenerative culture, addressing structural unemployment requires a holistic approach that considers the well-being of both individuals and the environment. According to Jacques Fresco, a renowned futurist, the current economic system is based on scarcity and competition, leading to structural unemployment. In contrast, a resource-based economy, as proposed by The Venus Project, could provide a solution to this issue. The International Labor Organization is working to address structural unemployment through initiatives like the Global Jobs Pact. Furthermore, the rise of the gig economy, facilitated by platforms like Upwork and Freelancer, is creating new opportunities for workers to develop diverse skill sets and adapt to changing market demands.