Chapter 15 Reflection

     There will always be at least some unemployment for several reasons such as different industries fluctuate through the different seasons and may have to lay off a few employees in a certain season. Another is that some people don't want to work especially if they are receiving something like welfare that gives them a small income and they don't have to work.

      Public policies can affect the amount of unemployment in both good and bad ways. A good way would be the government creating a program that helps people to find the jobs they want to be in and better trains them for the job. On the other hand they can affect unemployment for the worse such as if the government raises the minimum wage too much which causes companies to lay off less skilled workers to try and keep the best of their workforce with the higher wages.
     Unions can affect unemployment as well by raising the wages of worker above the equilibrium point. This causes the demand for quality labor to decrease and therefore results in higher unemployment when they were trying to help all in the union.