JakeS:that it is necessary to have involuntary unemployment what do they use to buttress such a counter-intuitive case?
that it is necessary to have involuntary unemployment
what do they use to buttress such a counter-intuitive case?
The theory that too low unemployment creates intolerable inflation through the wage-push mechanism and that this in the long run makes it worse then having some unemployment.
melo:
and is the accent on 'involuntary'? who but the wealthy volunteers their employment away?
In a population there are kids, students, retirees, those too sick to work, those to disabled to work, stay-at-home-parents and so on that are not seeking employment right now. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
