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Wouldn't a low unemployment level be good as that the workers are currently developing/using their skills? Wouldn't that be a positive net effect on society as
by monksy 9y ago
Wouldn't a low unemployment level be good as that the workers are currently developing/using their skills? Wouldn't that be a positive net effect on society as that there are less individuals who need social services and causing crime due to boredom?
- RobertoG 9y agoOn society maybe, but lower unemployment creates competition for labour and that create more profits going to labour instead of capital.
- warrenm 9y agoIt's "good" in that fewer societal services may be needed. It's "bad" because there's no buffer to absorb increase in demand of production and service creation