2 ms·
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 dif
by 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.