3 ms·
Doesn't "full employment" mean there are more jobs than there are workers? That seems like a good thing for workers because it leads to employers competing for
by Buttons840 3y ago
Doesn't "full employment" mean there are more jobs than there are workers? That seems like a good thing for workers because it leads to employers competing for workers (similar to what you said).
Your statement that "the fuller employment, the less need employers have to compete for workers on wages" confuses me.
- Terr_ 3y ago> Doesn't "full employment" mean there are more jobs than there are workers? I don't see how that's unusual or problematic: There will always be more jobs than workers, because "jobs" are really just wishes unless they get filled, and there's no limit on wishes or their unreasonableness. I mean, I can confidently promise a job, right now, for anyone to do an in-person walking survey of the surface of Pluto for 1 cent per day--employee is responsible for their own transportation. Even in a "full employment" economy, that 1-more-job-than-workers can linger indefinitely, unfulfilled. If we modify it to "more fair jobs than workers", that doesn't help much because it's a pretty subjective evaluation and some would say "fair" is itself dependent on the supply and demand.
- MuffinFlavored 3y agosee my reply here: https://news.ycombinator.com/item?id=38356788 https://news.ycombinator.com/item?id=38356788