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Two possibilities exist in an economy, either there are more workers, or there are more jobs. Ideally there would be an equal number of workers and jobs, but th
by Buttons840 4y ago
Two possibilities exist in an economy, either there are more workers, or there are more jobs. Ideally there would be an equal number of workers and jobs, but things don't work out so exactly in real life, so an equal number isn't really an option.
Which is better, to have more workers, or more jobs?
If Powell's theory is correct, then having more jobs than there are workers results in high inflation -- not good. Thus, the only stable option for an economy is to have more workers than there are jobs? That sure sucks for the workers.