surplus worker

“There’s No Such Thing as an Unemployed Buggy Whip Maker”

“Unemployed?”  “Jobless?”  How About “Surplus Labor?” Taking the Stigma Out of Unemployment So unemployment remains stubbornly high at 7.3%. And the only reason it’s officially 7.3% vs. somewhere between 10% and 15% is because millions have stopped looking for work altogether. While people try to figure out how to improve the labor market — a...
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