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Hello Mary. I have some bad news. Due to the fact that we have these computers, your job is no longer needed here.
Oh no! What will I do now? I don't want to be structurally unemployed!
You could always look for a job that requires your traditional skills. You won't be unemployed forever.
Hey Sam! What are you gonna do know that we have graduated from business school?
I am gonna start looking for a job!
Oh so right now you're frictionally unemployed!
What do you mean by that?
Frictional unemployment is when you have either quit your job to look for a new one, or you have just graduated school and are looking for one. Like Us!
Oh well, I guess I am frictionally unemployed!
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