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Comment by strbean

> companies have more power in negotiation, they have more information and, most important of all, they can deal with a job opening not being covered most of the time

This will be the case as long as we have monetary policy based on the idea that "100% employment is the apocalypse".

It seems like it is accepted as fact that 100% employment would lead to hyperinflation, despite the fact that this has never occurred. It is a totally untested theory that is suspiciously convenient for employers and shitty for workers.

parent strbean 6 years ago

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