Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (17383)	2/15/2004 2:27:17 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

Has it occurred to you or anyone else that we are at full employment? Before you answer look up the definition of "full employment". No it hasn't occurred to me, I have the definition and it sure isn't true, unless you assume the "market wage" is the offshore 3rd world rate. FULL EMPLOYMENT (relevance 100%) Jobs for all that want them. This does not mean zero UNEMPLOYMENT because at any point in time some people do not want to work. Also, because some people are always between jobs, there will usually be some FRICTIONAL UNEMPLOYMENT. Full employment means that everyone who wants work and is willing to work at the market wage is in work. Most governments aim to achieve full employment, although nowadays they rarely try to lower unemployment below the nairu: the lowest jobless rate consistent with stable, low INFLATION.