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

A good way true developed countries can fight unemployment is by reducing working hours/days.

Have 2 people share a job. Both make enough money to thrive and feel useful. Both also have more time for other non-work activity.

This works well in Scandinavia.

Wouldn’t work in the US bc you all hate each other

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