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Full employment, if it simultaneously means having a job which pays your living, is a solution to the problem as it also contributes to redistribution of wealth
by jhoechtl 9y ago
Full employment, if it simultaneously means having a job which pays your living, is a solution to the problem as it also contributes to redistribution of wealth. If the job market is supply driven (ie. the workforce has more power to determine the conditions) the market is required to make it more favorable for the workforce as otherwise the workforce will not work at all.
So far the theory. However, as more and more jobs become replaced my machines and robots which do not pay social taxes, there is no money to redistribute and the labor market will be supply driven by those who create the jobs.