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According to many businesses, the problem is now that unemployment is too low.

Imagine that? They spend years building up a furor about needing to create more jobs. The immigrants are taking our jobs. Businesses need lower taxes to create more jobs.

Now, all of a sudden there isn't enough starving laborers demanding work and it's causing the working class to become emboldened and to ask for raises and benefits. Suddenly we need to raise unemployment, according to the rich people.

Ynotisay · M
On the surface it makes sense that lower unemployment is better for the economy. But that's not entirely true. One of the downsides to "maximum employment' is that it makes it harder to hire and retain, which typically means higher wages, with that cost being passed on to consumers. And every time the Fed's tick up interests rates to respond to inflation that ripples through the economy too. It's a balancing act for sure. The REAL issue as I see it is corporate wealth disparity. They will move nothing from their coffers. The strategy is to always raise prices so the C-suite doesn't take a hit. And that's outside of the uber wealthy accumulating wealth. Elon Musk makes roughly $45 million a DAY.
If that kind of wealth isn't capped then this game of workers fighting for crumbs will continue.
JSul3 · 70-79
@Ynotisay 'Trickle down' is the 1% urinating on those below them in the economic chain.
Ynotisay · M
@JSul3 Pretty much nailed it. But how and why people have been convinced to take it always makes me stop in my tracks. I don't get it.
JSul3 · 70-79
@Ynotisay It is bizarre, just like people continue to vote against their best interests.
Carla · 61-69, F
Yes indeed! Lower existing wages so people have to work numerous jobs. Let 12 year olds work and work until 11pm.
There are ways, you know, to maintain multi million dollar salaries and stock dividends.
You just have to be ruthless and filled with greed.
SunshineGirl · 36-40, F
Funny how lower taxes and increased public subsidy are the private sector's answer to everything 🙄

Cut these parasites loose and expose them to the full rigour of the 'free' market that they espouse 🙂
Penny · 46-50, F
I dont understand your comment about raising unemployment. Just wanted to say i think its sad.thinking about rich people, that they will like hire a maid or get their nails done and feel like theyre doing their part in creating jobs or supporting people and the economy lol. I hope i never turn into a spoiled rich person. And just to add im sure their are rich people who arent selfish andspoiled too but where i live a lot seem like that
ViciDraco · 36-40, M

I'm talking about this guy's attitude
Penny · 46-50, F
@ViciDraco oh i understand now. I was thinking unemployment as the government program not just unemployment percentages lol
Convivial · 26-30, F
Always the way, socialise the costs and privatise the profits
redredred · M
I agree, stop all subsidies for corporations and individuals. The government has no valid role taking money from some and giving it to others.
Like Marx said, the rich want unemployment because it means they have all the power.
JSul3 · 70-79
The US is woefully short of skilled labor.
I'll volunteer. I hate working.

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