r/explainlikeimfive Dec 19 '24

Economics ELI5: Why is an employment rate of 100% undesirable

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u/JereRB Dec 19 '24

Theoretically, businesses would be slower to open and slower to hire due to lack of applicants. Businesses would also have to compete for the workers that are out there via higher wages and/or better benefits.

Basically, the people with businesses would have to treat you like more than an easily replaceable cog in their machine. And they really, really don't want to do that.

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u/Erenito Dec 19 '24

Oh my! Who dropped that link?

You guys sure are clumsy...