3 ms·
I'm not sure this is that unintuitive once you know what unemployment means technically: the key aspect of the definition of unemployment is that to be unemploy
by bovine3dom 6y ago
I'm not sure this is that unintuitive once you know what unemployment means technically: the key aspect of the definition of unemployment is that to be unemployed you have to be actively searching for work. If more of your population is actively searching for work, as opposed to less, it stands to reason that more people might eventually find work.
- guerby 6y agoThen you may have to question "lower unemployment is better": for example is the explanation for the France/USA unemployment difference that more USA people have completely given hope of finding a work and are rejected by society? In the media it's always "super high unemployment in old Europe, super good low unemployment in the USA".
- bovine3dom 6y agoMy hunch is that the USA has low employment due to its terrible healthcare for poor people; I get the impression that people there get sick and then fall out of the labour market permanently. I think we may be consuming different media. The narrative I hear is (prepandemic) "the UK has record low unemployment but this is bad because it is low quality work with high underemployment".