Well seeing as the current unemployment is well over 5% I'm not sure that's a re... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		Avshalom on Sept 9, 2013 \| parent \| context \| favorite \| on: Low pay and the rise of the machines Well seeing as the current unemployment is well over 5% I'm not sure that's a real issue.

strongvigilance on Sept 9, 2013 [–]

Indeed. In fact, when economists talk about full employment, they don't even mean 100% - it's thought that at least some unemployment is needed to control inflation.

http://en.wikipedia.org/wiki/Full_employment

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact