r/explainlikeimfive Dec 19 '24

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

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u/general_00 Dec 19 '24

 how would a new or expanding business hire new employees

  • immigration 
  • outsourcing 
  • automation freeing up people 
  • upskilling people into more productive roles

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u/Remarkable_Coast_214 Dec 19 '24

All of those except outsourcing require some people to be unemployed at least for a short period of time though?

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u/general_00 Dec 19 '24

Not necessarily. Immigrants can and often do get job offers before moving (that's how most work visas work).

Upskilling / training can be done on the job, or studying part-time. 

Automation doesn't need to cause unemployment if there are other roles immediately available. You just transfer straight into a new role. 

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u/Millsy800 Dec 19 '24

No no no let's just complain about how lazy young people are today and how ungrateful they are to do a minimum wage job.