3 ms·
You can get 100% employment only if wages are too small. That's really bad for living standards. There is so called "Natural level of unemployment" and NAIRU
by nabla9 3y ago
You can get 100% employment only if wages are too small. That's really bad for living standards.
There is so called "Natural level of unemployment" and NAIRU (Non Accelerating Inflation Rate of Unemployment) typically between 3% and 5%.