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RE: Wages Won't Go Up Any Time Soon
I also believe govs try to keep a certain amount of unemployment to help keep wages down.
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I also believe govs try to keep a certain amount of unemployment to help keep wages down.
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Yes they do through tenders and state-owned enterprises, that don't actually drive value they run at losses and are tax burdens but they reduce unemployment. Also the reporting isn't very accurate they don't say how many are employed on a living wage but how many are employed, some are working 20 hours a month and hardly surviving so it doesn't tell a full story.
In addition, unemployment stats also don't take into account people who retire so as more people retire they are technically unemployed and not providing value but living off savings or the state