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by jacobgreenleaf
4381 days ago
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At the height of the great depression only ~23% of workers were out of jobs. That's hardly 100% during a "downturn." At 100% unemployment do you really think our current system of privately owned property would fare any better? Personally I think at 100% unemployment the masses would seize all the property, and probably rightfully so. |
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Then you're back to the problem of needing to hire more bureaucracy with respective office leases, equipment, etc., to verify the employment status.
Unemployment is also a weak estimate, what you want is unemployment + the negative labor force participation - kids and retirees are not unemployed in the sense that they're actively seeking employment, but would probably not pass up an opportunity for free cash.