Why, also, is the unemployment rate so important in determining the health of an economy? The Soviets had full employment, but they didn't make shit people wanted in their country or abroad, and so they eventually collapsed.
Hell, why don't we take all the unemployed and have them dig a bunch of holes one day and fill it up the next? The important figure we need to be looking at is how much we're producing things people in this country and abroad actually want as portion of the GDP. That will provide the type of empirical data that's relevant to the health of an economy.
Hell, why don't we take all the unemployed and have them dig a bunch of holes one day and fill it up the next? The important figure we need to be looking at is how much we're producing things people in this country and abroad actually want as portion of the GDP. That will provide the type of empirical data that's relevant to the health of an economy.