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Structural unemployment

A contemporary term for an economic phenomenon which, though it first appeared and received comment in the 1920s, has only recently been officially recognized. It refers to the inevitability in highly industrialized capital intensive countries, bent on increasing automation in industry, of a continually lessening need for labour of almost all kinds. This indicates an acceptance of the economic inevitability of a permanently high level of unemployment which is known euphemistically as structural unemployment.

Reference: The Penguin Business Dictionary, 3rd edt.