4 ms·
> chronically high unemployment rates, especially among the younger ones This is an economic signal that there are too many people relative to available jobs.
by pjc50 2mo ago
> chronically high unemployment rates, especially among the younger ones
This is an economic signal that there are too many people relative to available jobs. Get demand for people up and the rest will follow.
This would necessarily mean wage inflation outpacing asset price inflation, which the asset-owning public will hate.
- dariosalvi78 2mo agoit's not that there are too many people, it's more that the type of jobs that are abundant are low-wage, temporary and low-skilled.