> But the implication here is that there will always be no shortage of low end minimum wage work I'm not following how that's implied? I think the implication

> But the implication here is that there will always be no shortage of low end minimum wage work I'm not following how that's implied? I think the implication is that there's no shortage of work that has positive value but less positive value than people are willing to pay for it. Anyway, the idea is that if the economy is in good shape and most people are employed then the gov't is providing fewer jobs. If you have more slack then the number of gov't jobs goes up as the gov't spends more money (i.e. pays the people it's employing) and so the balance between spending and production doesn't change, thus keeping inflation in check.