That there are insufficient jobs for poorer people is entirely a political decision. Any country with its own currency can guarantee everybody has a living wage

That there are insufficient jobs for poorer people is entirely a political decision. Any country with its own currency can guarantee everybody has a living wage job to go to if it wants to. Which then has the advantage of competing with crap private and public sector jobs and eliminating them via simple market forces. The “what about the jobs, can I have a bailout” line no longer has any traction when everybody has an alternative job available on tap. Competition can be allowed full rein. Business has to pay the full cost of the labour it uses and innovate around that cost. But we prefer to use an unemployed buffer stock to constrain wages rather than an employed buffer stock. Always fewer jobs than people that want them. Then we wonder why productivity gains have largely gone to capital over the last 40 years.