> Well, unemployment is kind of a requirement of capitalism.
Says who? The only "requirement of capitalism" is that individuals are allowed to have ownership rights. Outside of a few niche organizations that benefit from economic distress, I think you will find a general S&P 500 consensus that low employment is a good thing for their stock prices.
> There's generally a target of 5% unemployment, which means capitalism has built-in waste.
That's because, in a free society, we have discovered that it's better to get people new and better jobs than be shackled to a milling machine from childhood.
Says who? The only "requirement of capitalism" is that individuals are allowed to have ownership rights. Outside of a few niche organizations that benefit from economic distress, I think you will find a general S&P 500 consensus that low employment is a good thing for their stock prices.
> There's generally a target of 5% unemployment, which means capitalism has built-in waste.
That's because, in a free society, we have discovered that it's better to get people new and better jobs than be shackled to a milling machine from childhood.