2 ms·

We've only had near-full employment in the 90s and this year. (Japan also only just got there by improving employment of women.) I'm not seeing the problems.

• uoaei 3y ago
  Near-full employment and full employment are very different, in the same way that carrying a 95% full glass of water and a 100% full glass of water are very different. The "cushion" of unemployed people, according to economists, is very important for staving off runaway effects that drive bad macroeconomic dynamics.
  • astrange 3y ago
    100% employment is impossible to achieve since it means eg there are no full-time students and nobody on maternity leave, so it's not a problem.
    • uoaei 3y ago
      This thing you were advocating for is not actually the thing you were advocating for? I find this argument specious at best.