How would a zero unemployment rate for a country for instance UK be good for the country?
Vlad K asked:
If the Unemployment rate is zero or very low for a country like the UK how can this be a benefit for the country? I know that more jobs equals more spending and more manufacturing of goods but, surley the stiff competition would create problems in the long term am I correct? and If the UK economy is strong i.e. low levels of unemployment would this mean that other countries have to suffer or pay the price, is they such a thing as everyone being happy or is it a case of “where they is success they is failure”?
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If the Unemployment rate is zero or very low for a country like the UK how can this be a benefit for the country? I know that more jobs equals more spending and more manufacturing of goods but, surley the stiff competition would create problems in the long term am I correct? and If the UK economy is strong i.e. low levels of unemployment would this mean that other countries have to suffer or pay the price, is they such a thing as everyone being happy or is it a case of “where they is success they is failure”?
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Zero unemployment would essentially be an ideal condition for the workforce, not for the administration.
It would mean that there are plenty of jobs available, and that immigrants may come looking in that country for jobs that became available.
In today’s climate they kinda get immigration totally, totally wrong.
they would stop blaming polish people for taking their jobs.