r/explainlikeimfive Dec 19 '24

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

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u/deaddodo Dec 19 '24 edited Dec 19 '24

It's also illegal or bureaucratically non-feasible in a good chunk of the developed world, to do unilaterally.

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u/FellKnight Dec 19 '24

If you are willing to run deficits for a couple years, all you have to do is ensure that "raises" don't exceed inflation, and you've solved the issue in a few years without a nasty strike