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kasse
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Wherever we are and wherever we look, there is work to be done, work for our subsistence and well-being, for food, shelter, clothing and countless other wants, to build and create, or just to clean and maintain. Labor, though, is scarcer by tar than tools and equipment. Just visit a workshop, factory, office or construction site. There, expensive equipment is used for a few minutes of hours only, standing idle most of the time. Or just walk through the streets of most cities; they cry out for labor to clean and maintain, to repair and rebuild.
Yet millions of workers in the industrial countries are unemployed. Some seven to eight million Americans always are normally unemployed, many more during periods of stagnation and decline.
Why is this? Is it because of government regulation? Is a certain degree of unemployment healthy for the economy, after all? Is it true that 0% unemployment would allow the workers to push their wages up, thereby creating inflation?
Yet millions of workers in the industrial countries are unemployed. Some seven to eight million Americans always are normally unemployed, many more during periods of stagnation and decline.
Why is this? Is it because of government regulation? Is a certain degree of unemployment healthy for the economy, after all? Is it true that 0% unemployment would allow the workers to push their wages up, thereby creating inflation?