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As far as I understand, the first claim: > [capitalist states] consciously constrains the number of available jobs, maintaining a stable unemployment % among t
by jmoss20 6y ago
As far as I understand, the first claim:
> [capitalist states] consciously constrains the number of available jobs, maintaining a stable unemployment % among the populace.
is true, and not particularly controversial. Too little unemployment is assumed (true or not) to lead to inflation and inefficiency.
(Although, I'm not sure the second claim follows. If unemployment is reduced by, say, drastically lowering the minimum wage, I don't see why things would look any different. Unemployment isn't the problem, here anyway.)