3 ms·
>"Why force employment when it offers no real return " That's a reductionist [1] way to look at it. But I believe the bottom line is that a high unemployment r
by pmelendez 12y ago
>"Why force employment when it offers no real return "
That's a reductionist [1] way to look at it. But I believe the bottom line is that a high unemployment rate is harmful to everyone and hence there is an incentive to try to avoid that situation. A high unemployment rate decreases the sales, it would impact negatively the prices (hurting the middle class) and even the rich 1% of the population would prefer to have more people with money that buy goods.
His recommendations are not a solution either since the big government model is not sustainable (and I would argue that communist regimes are an example of that).
There is an open question about if anybody can be trained to execute properly any task (i.e to write programs) but in any case the low income jobs are going to require more skills for sure. I suspect that software development is going to the low wage job of tomorrow.
[1] https://en.wikipedia.org/wiki/Reductionism https://en.wikipedia.org/wiki/Reductionism