Every time a come across the topic of unemployment I wonder what the fundamental thing is that is broken in an economy with a high unempl...
Every time a come across the topic of unemployment I wonder what the fundamental thing is that is broken in an economy with a high unemployment rate. I mean unemployed people mean unused workforce and it seems that there should be a strong desire to make use of unused workforce. So what is it? Are the unemployed not needed? Because we reached a level of efficiency and automation so that we no longer need all the available workforce to satisfy all the demand, i.e. is it a work distribution problem? This seems not to be the case because there are not enough teachers, the infrastructure is in bad shape, there are heavily overworked people and so on. Do they have the wrong profession, one where no additional workforce is required? Is it a latency effect, i.e. available workforce in one sector lacks behind needed workforce while it is the opposite in another sector? Are they obsoleted by cheaper labor abroad? Is it some kind of local extremum or vicious cycle in which the economy got stuck, e.g. unemployed would consume stuff if they were employed and earned money but because they are not and they do not there is less demand and in consequence the jobs to employ them are not created? This seems easily solved with loans breaking the cycle by creating the demand first.
Posted by danbruc on May 29, 2015, 2:28 PM
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Raise real-world problems, find people facing the same issue, and discuss solutions.6,000 issues0 comments
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I can't recall who said it, but "The biggest problem with golden ages is that you never realize you're in one until it's over".
[BUG] No response from API error when Advisor is triggered
I thought the general premise is that humans can't form social groups bigger than around ~200.
great, now can we convince the rest of the internet to start adding AAAA records and ipv6 endpoints for things.
> It's only with the emergence of whiny, persnickety Unix devs who refused to leave the comforting embrace of their editor of choice that...
Contrary to some other comments: no, IPV6 hasn't taken over the world at all.
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Every time a come across the topic of unemployment I wonder what the fundamental thing is that is broken in an economy with a high unempl...
Every time a come across the topic of unemployment I wonder what the fundamental thing is that is broken in an economy with a high unemployment rate. I mean unemployed people mean unused workforce and it seems that there should be a strong desire to make use of unused workforce. So what is it? Are the unemployed not needed? Because we reached a level of efficiency and automation so that we no longer need all the available workforce to satisfy all the demand, i.e. is it a work distribution problem? This seems not to be the case because there are not enough teachers, the infrastructure is in bad shape, there are heavily overworked people and so on. Do they have the wrong profession, one where no additional workforce is required? Is it a latency effect, i.e. available workforce in one sector lacks behind needed workforce while it is the opposite in another sector? Are they obsoleted by cheaper labor abroad? Is it some kind of local extremum or vicious cycle in which the economy got stuck, e.g. unemployed would consume stuff if they were employed and earned money but because they are not and they do not there is less demand and in consequence the jobs to employ them are not created? This seems easily solved with loans breaking the cycle by creating the demand first.
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