Economic Basics Part 5: Unemployment

What is unemployment? Is it always a bad thing? What kinds of unemployment are there, and what causes them? This finishes up the series.

Category:

Education

Tags:

• economics
• primer
• supply
• demand
• unemployment
• minimum
• wage

[rockpwnsu]

You don't like Ron Paul?

[shanedk]

@rockpwnsu I like Ron Paul, on pretty much everything except the immigration issue.

[swu880]

Thus in fact, almost half of your wages which you would otherwise receive, is STOLEN from u by govt & regulations, etc.

[shanedk]

@tomplaytom Say's Law: they're not just workers, they're also consumers in the economy, and they provide the wealth to support their own jobs. Everyone is BETTER off because of them, NOT worse. So let's stop with the xenophobic garbage.

[david52875]

@333derick333 Its all government bullshit.

[333derick333]

here is some thing that might make you smile, in england if you have been unemployed for a while you have to go to a course for the unemployed to help get you into work, you can not be on this course if you have work. but the goverment do not class you as unemployed while on this course you even have to sign back on after this course ends even though you have been signing on for the time you have been there,,,,,i have been on many of these courses they do not work

[shanedk]

@MarkProffitt Which is actually unconstitutional since the Constitution prohibits states from making anything other than gold or silver coin legal tender.

[MarkProffitt]

@centurion180ad Real money would solve a lot of problems but the reason the debt based money is in place is because the government is forcing people to use it to pay property taxes.  If you were not forced to use a certain currency then people could chose something else and create real money themselves. Taxes and debt based currency are "two sides of the same coin" so to speak.

[shanedk]

centurion180ad has been blocked for flooding (he posted the same post verbatim 7 times in 5 minutes!)

[centurion180ad]

@PawelKolasa YES!

According to Classical Economics, there should never be chronic involuntary unemployment.

[centurion180ad]

@MarkProffitt The price drop problem is //eliminated// as a problem, if the currency supply is actual MONEY not the irredeemable debt-fraud theft system constructed by the God damn bankers that we use today.

If you are paying a tax on your property, you do not own it, and it is not actually yours.

Let us please outlaw bankers, and legalize liberty.

[MarkProffitt]

Great video. One mistake, technology does eliminate jobs. It reduces the real costs in time and materials to produce goods. That drives the cost towards zero. Increasing technology naturally drives prices to free. This is happening to everything. The problem is when the thing you sell becomes free before something you need becomes free. The solution is to own technology that produces goods. The big problem is you must get money to pay property taxes and fees. Its illegal to be self sufficient.