"Structural theories of unemployment are merely theories which claim that you have no idea what job they can profitably perform" It's not that they have no ide

"Structural theories of unemployment are merely theories which claim that you have no idea what job they can profitably perform" It's not that they have no idea which jobs they could profitable perform, but that there are no jobs which they could profitably perform. This is because their marginal rate of productivity is too low for any position. The way around this is to reduce income taxes, corporate taxes and sales taxes. This reduces the cost for employment and production, which brings the "you need to be this productive to be profitable for us" bar lower. This helps to make more room for on-the-job training as well. The mismatch between skills and demand for skills is real. This is mostly a result of government intervention and the business cycle causing unsustainable booms in industries.