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

The definition of unemployment is **not** ‘people who aren’t working’

The definition of unemployment is ‘people who want to work but can’t find work’

Therefore unemployment is inherently a social issue rather than just a statistic.

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