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Eliminating involuntary unemployment doesn’t require levelling of all wealth, it just sets the floor price for labour and maintains a buffer stock of employed p
by dools 4y ago
Eliminating involuntary unemployment doesn’t require levelling of all wealth, it just sets the floor price for labour and maintains a buffer stock of employed people ready to be hired rather than a buffer stock of unemployed people who are less ready to be hired.
- ETH_start 4y agoWithout forcing people to work, it is impossible to eliminate involuntary unemployment. The government using tax dollars to offer people jobs that don't match what they're seeking would result in them refusing to take those jobs, and remaining involuntarily unemployed.