Re:The World Economic Forum predicts a USD 400 trillion pens...
by RobertoG on Friday June 02, 2017 @09:30AM
(#14469705)
Fair enough.
So, as I understand it, the argument is that unemployed people is unemployed not because the economy is so productive (we have coconuts and water for everybody with very little job) but because they are not enough qualified.
In other words, there are not enough qualified workers as demanded, and that is the reason we see real wages going up and up all the time.
Their point only shows that it is possible to have unemployment and an excess of pensioners.
It would have been easier to point out that an excess of pensioners != not enough workers. They're clearly different statements. But the illustration also served the purpose.
It did not, as far as I can tell, in any way suggest W should let U and P die, only demonstrated their simultaneous lack of utility for the workforce.