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by sky-kedge0749
1470 days ago
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Zero unemployment causes wages to go up fast as employers must constantly outbid each other for workers. This is bad in a theoretically efficient market because each employer is already running at maximum efficiency and every job is necessary, so there's no slack in the system. In the real world with super high executive pay, massive inefficiency, and massive employment of exploited, underpaid immigrant labor, it's less of a problem. |
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