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by nhaehnle 5030 days ago
The article completely misses the point of what mass unemployment is. Mass unemployment is a macroeconomic phenomenon. It is not the case that there are plenty of open positions and plenty of job seekers, with a simple mismatch (frictions). The fact is that more people want to offer work than is demanded.

If you get more people to follow the strategy outlined in the article, then they might have an advantage over other job seekers, and then this means that the composition of the workforce and the unemployed changes. However, no new jobs are created that way.

Micro-economic approaches to mass unemployment have been touted by some economists for a long time, and have been and are still being implemented all over the world. They just don't work in a satisfying way.