Wall Street Banks Warn Downturn Is Coming

Re:Wall Street Banks Warn Downturn Is Coming by monksy on Wednesday August 23, 2017 @11:40AM (#15082370)

Wouldn't a low unemployment level be good as that the workers are currently developing/using their skills? Wouldn't that be a positive net effect on society as that there are less individuals who need social services and causing crime due to boredom?

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Re:Wall Street Banks Warn Downturn Is Coming by RobertoG on Wednesday August 23, 2017 @12:42PM (#15082973)

On society maybe, but lower unemployment creates competition for labour and that create more profits going to labour instead of capital.

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Re:Wall Street Banks Warn Downturn Is Coming by warrenm on Thursday August 24, 2017 @05:38PM (#15094279)

It's "good" in that fewer societal services may be needed.

It's "bad" because there's no buffer to absorb increase in demand of production and service creation

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