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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (206489)10/14/2004 2:38:32 PM
From: SilentZ  Read Replies (1) of 1574059
 
>I don't know. Why is 4% considered an "ideal level" of unemployment, and since when was the minimum wage $3/hour?

4% has long been considered the asymptote... it takes into account factors which will exist no matter what we do, such as seasonal employment.

The $3 was hypothetical... would you say that many more people would be employed in the U.S. if the minimum wage were $3 than is the case now?

-Z
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