I can understand why in undeveloped ones, but doesn’t unemployment in a developed country mean “everything is covered we literally can’t find a job for you.”?
Shouldn’t a developed country that indeed can’t find jobs for its citizen also have the productivity to feed even the unemployed? is the problem just countries not having a system like universal basic income or is there something else going on here?
In: 1275
Very good thought and I think you’re right, a developed country should be able to handle this.
It would require that companies pay their taxes though. Increased profit margins, for example, due to higher automation levels, would leave lots of people unemployed. If some of the potential tax money was used to pay for these workers though it could help in making a transition and/or help these people do something that’s necessary to the public but badly paid.
Basically it’s a form of socialism. Getting this right could solve all kinds of problems, getting it wrong means someone else will be living a good life somewhere else.
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