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Jobs on offer are fewer than number of unemployed. Therefore jobs are scarce. Only when there is a vast surplus of jobs will competition do the work. Until th

Jobs on offer are fewer than number of unemployed. Therefore jobs are scarce. Only when there is a vast surplus of jobs will competition do the work. Until then you need regulation.

sophacles 3y ago
And regulators that dont cite "low unemployment" when they raise interest rates.
- eru 3y ago
  They actually do, from time to time.