2 ms·
Why does full employment indicate a shortage, in your opinion? If 2.8% of the iron we dig out of the ground remains unused, is there a shortage of iron? In my
by runeks 10y ago
Why does full employment indicate a shortage, in your opinion?
If 2.8% of the iron we dig out of the ground remains unused, is there a shortage of iron? In my world this would indicate abundance.
- andy_ppp 10y agoEconomists consider around 5% unemployment healthy, allows for people to retrain and move jobs and it's better to have some slack in the system while people move around.