Eli5 Why unemployment in developed countries is an issue?

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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?

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Anonymous 0 Comments

I love all these ELI5 posts stumbling onto the fact that the economy is rigged to funnel the majority of wealth to handful of oligarchs. To answer the question, yes, there is more than enough food and housing to go around, and we could feed, house, and care for (medically, etc.) every single homeless person in America TOMORROW if we chose to prioritize that over putting more money into Jeff Bezos’ (EDIT: and a bunch of other beyond-rich people) pockets.

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