Re:The real problem with the economy is that it doesn't need...
by dagw on Tuesday September 22, 2009 @04:53AM
(#836577)
Unemployed doesn't mean zero income or zero utility. If the utility you offer them for working is less than the utility they get from being unemployed they won't take the job.
There may be enough labour to keep everyone employed, but not enough of that labour has a high enough value that it's worth while for people to do it, and thus you have unemployment.
There may be enough labour to keep everyone employed, but not enough of that labour has a high enough value that it's worth while for people to do it, and thus you have unemployment.