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Is unemployment fixable

Updated: 11/11/2022
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14y ago

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Yes. If there was a perfect equilibrium where the exact amount of able, willing, qualified and available workers looking for the employment with an equal number of employers offering jobs that the worker qualifies for and pays wages acceptable to the worker. The worker demands enough wages to satisfy him from seeking other employment and the employer will pay only enough to keep a valuable worker. When an imbalance occurs, unemployment larger than a normal 3 to 5 percent occurs and a domino effect takes place. Business won't hire if it has no business and a person won't buy if he doesn't have a a job.

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14y ago
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Q: Is unemployment fixable
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