An "optimal" rate of unemployment at 6%. Like that's the utopian ideal. #EconomicViolence
@wegianshooter Curious: what do you see as problems of full employment?
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@ChMadar it's all basic macro econ. 6% is too high, maybe 3 or 4% is a better target or "natural" level. Maybe 2 or 3 % would be lower limitThanks. Twitter will use this to make your timeline better. UndoUndo
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@ChMadar Finally, wages bid up to get workers can cause spiraling inflation. Predictable inflation is great for workers. Hyper is not.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ChMadar ...move into more productive uses. Geographic / demographic change also requires some job churn to work itself out. ...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ChMadar close to 100% employment causes inefficiencies (not a dirty word) in macro economy. It causes a static economy-workers can't ...Thanks. Twitter will use this to make your timeline better. UndoUndo
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