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They said this in the article, but it doesn't make any more sense here than it did there. If unemployment remains the same, where are these 'better' workers com
by drabiega 13y ago
They said this in the article, but it doesn't make any more sense here than it did there. If unemployment remains the same, where are these 'better' workers coming from?
- thecage411 13y agoOne possibility: unemployment is defined as someone who is not working AND actively looking. If wages at McD went up to $15 an hour, some people who were not actively looking may enter the workforce.
- drabiega 13y agoThat is certainly true. However, if I had said 'employment is not decreasing' instead of 'unemployment is not increasing' it would still have been a valid critique without being vulnerable to that response, however.
- thecage411 13y agoYep. FYI economists use the term "labor force participation rate" for this concept.