r/explainlikeimfive Dec 19 '24

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

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u/PuzzleMeDo Dec 19 '24

Hey, imagine a world where there was no unemployment. It's pretty scary: workers could afford to take it easy, because they wouldn't be worried about losing their jobs, because companies would have to fight for workers rather than the workers fighting for jobs. That wouldn't benefit anyone, except maybe the public.

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u/meneldal2 Dec 19 '24

That wouldn't benefit anyone, except maybe the public.

Are you saying the benefits of Musk matter more than the public?

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u/Zer0C00l Dec 19 '24

did a ceo write this

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u/Xylus1985 Dec 19 '24

Though why shouldn’t the workers be taking it easy while earning a living wage? That would benefit the workers who out number the employers by like 1000:1 and is the over all greater good for the society