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 it’s a higher burden on government spending. People who are unemployed still have to get money for bills etc. So they get unemployment money which costs the gov more money putting higher strain on its spending. A country that has a high unemployment rate is also not as productive and efficient.

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