Final answer:
The welder who quits his job and moves to Madison to get a better welding job is experiencing structural unemployment. The correct answer is option: d) structurally unemployed.
Step-by-step explanation:
The type of unemployment scenario described in this question is structurally unemployed.
Structural unemployment occurs when a worker's skills and abilities no longer match the requirements of available jobs. In the case of the welder who quits his job in Pittsburgh and moves to Madison for a better welding job, he is experiencing structural unemployment because he is seeking a job with different job requirements and possibly in a different industry.
Key Factors of Structurally Unemployment:
- Causes: Technological advancements, changes in consumer demand, shifts in the economy, or industry-specific factors.
- Effects: Difficulty in finding similar jobs with comparable wages, limited options, and the need for retraining or acquiring new skills.
- Examples: Factory workers losing jobs due to plant closures and movement to other countries.