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In about 5 years time. This is because employment is cyclical (caused by a lack of aggregate demand) as well as structural unemployment (unemployment caused by declining industries). These causes take longer to tackle. Furthermore, due to the fact that a number of the U.k. population are unemployed, there skills are diminishing over time. This depends on how long there unemployed though. Yet if workers with inelastic supply of labour are unemployed for more than a year; this could give birth to inertia. This is sort of the inability to get return to a working routine, getting used to life at home, loss of confidence and boneidleness.

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