this post was submitted on 31 Dec 2024
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Well, technically 100% employment wouldn't be desirable, that would mean nobody can ever switch jobs or take some time off from working to deal with some personal issues or projects.
I think employment is based on those seeking work. So if you take time off, you wouldn’t be counted. It’s a balance in the market that stops wage rises and inflation when there is unemployment. It’s obviously not desirable for the individual.
No it’s that wages climb too much when unemployment is too low. The Feds even fucking said it during the inflation. They wanted a higher unemployment rate. Super fucked unless there was ever a basic income.