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

Because we live under a system of global Capitalism, where profit is ***the*** motivation.

It’s vastly more profitable for some in our global society to produce with as few workers as possible, and to allow anyone else to starve.

There’s no profit in altruism, even if it’s demonstrably better and less costly for society *as a whole*, to take care of everyone’s needs (assuming in your example this is possible but not done) but it’s specifically *not* Better for the shareholders, so it doesn’t happen.

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