When there are more prospective employees than available jobs -- such as the case with science, technology, engineering and mathematics graduates in the US and available jobs in those fields in the US.Why would anyone not be needed in the workforce?
Apparently, there are millions of unemployed people who would like to do just that -- but there are no paying jobs for them, ie., they're not needed in the work force.Shouldn't everyone attempt to be productive - to pay their own way?
Minimum wage has little or nothing to do with it. Minimum wage jobs are only a small fraction of available jobs. Minimum wage earners are a small fraction of the employed labor force.If you're considering that minimum wage has priced certain individuals out of the workforce - I would tend to agree - some people aren't worth minimum wage (plus matching taxes and eventually benefits) - IMO.
Also, keep in mind that there's a rather significant 'off the books' labor market in the US. Some people have made lots of money using, say, illegal Mexican immigrants to do jobs for sub-minimum wages.
Accept what as a given?If we accept this as a given ...
I would tend to agree with this. Surely some sort of make-work can be required of welfare recipients who are physically and mentally capable of working. But then there's the additional cost of administering and supervising that stuff.... it doesn't mean they shouldn't work for their welfare benefits. Whether hired at minimum wage by the Government to scrub graffiti from walls and pick up road side trash or some other menial task - Section 8 housing, food stamps, and Medicaid all have costs that should be offset by this new permanent class of unemployable persons - IMO.
I was trying to get more of a response than that. Actually, wrt some areas, like small businesses, I do think there's too much of the sort of regulation that makes it difficult for them to succeed.As for the business, finance, and industry freedom/ more regulation comment - please support.
But what about regulations like some sort of sales tax on stock transactions, constraints on leveraging, closing certain tax loopholes and exemptions?
Well, maybe we don't really need more regulation. What sorts of deregulation do you think would be beneficial?