Low unemployment isn’t worth much if the jobs barely pay

Re:Low unemployment isn’t worth much if the jobs barely pay by threatofrain on Sunday January 12, 2020 @04:01PM (#22029310)

But the thing is if the markets really couldn't find any value in the output of nearly everyone, we shouldn't see this high percentage of employment -- not unless one also believes that employers in a decentralised way are implementing their own informal UBI, perhaps out of consensus on political theory or moral values.

One might say a simpler explanation is that employee output is still interesting, and that what's interesting isn't just technological output, and that the bulk of interesting technological work isn't about advancement but delivery to the world.

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Re:Low unemployment isn’t worth much if the jobs barely pay by hacknat on Sunday January 12, 2020 @04:09PM (#22029370)

Most companies operate within a market, but don’t, themselves, operate like a market (internally). Have you really not heard any duck and cover stories from corporate America? It absolutely is easy for incompetent people to remain employed. Talented people tend to job hop to realize their increased utility (not always, but mostly), while incompetence gets promoted at the 50% of companies that cannot compete in the labor market.

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Re:Low unemployment isn’t worth much if the jobs barely pay by carlmr on Sunday January 12, 2020 @04:15PM (#22029426)

Also not to forget a middle manager may want the feeling of power, which they could derive from having more people below them.

Humans aren't rational.

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