Wharton Professor Peter Cappelli: Has High Unemployment Become Acceptable?
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It is my contention that a 5.5 to 6.5% unemployment rate [as we now measure it] is good for our economy, as it adds competition to the labor markets. When it dips below this we get poorer quality labor, poor customer service, and more mistakes in manufacturing, accidents in transportation, distribution mistakes, etc. Oh, by the way, decent video and topic, thanks.
LanceWinslow4 1 year ago
The GOP would use credit in a second for their corporate cronies. They represent only the extremely rich. Tax the hording of money. People with billions should put it back into the economy. Investments do not create jobs. Reduced taxes on the rich and bank bailouts created no jobs. They just horded the money. Reduce borrowing by returning trillions of horded dollars to the economy. Make them spend it or lose it. No investments - spend it on products or lose it.
oblio1000 1 year ago