Well, technically 100% employment wouldn’t be desirable, that would mean nobody can ever switch jobs or take some time off from working to deal with some personal issues or projects.
I think employment is based on those seeking work. So if you take time off, you wouldn’t be counted. It’s a balance in the market that stops wage rises and inflation when there is unemployment. It’s obviously not desirable for the individual.
Correct; GDP is a dumb measure, and even its inventor said it cannot be used alone.
Yeah we need to be kept employed at around 94% (or at least not 100%) while we starve to death.
Well, technically 100% employment wouldn’t be desirable, that would mean nobody can ever switch jobs or take some time off from working to deal with some personal issues or projects.
I think employment is based on those seeking work. So if you take time off, you wouldn’t be counted. It’s a balance in the market that stops wage rises and inflation when there is unemployment. It’s obviously not desirable for the individual.