Difference between revisions of "Employment and unemployment"
From Conservapedia
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==Quotes== | ==Quotes== | ||
| − | *All of the progress that the US has made over the last couple of centuries has come from unemployment. ([[Milton Friedman]]) | + | *All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another. |
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| + | ([[Milton Friedman]]) | ||
==See also== | ==See also== | ||
Revision as of 03:25, May 6, 2013
The basic concepts involved in identifying the employed and unemployed are:
- People with jobs are employed.
- People who are jobless, looking for jobs, and available for work are unemployed.
- People who are neither employed nor unemployed are not in the labor force. [1]
Quotes
- All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.
