This whole thought that more unemployed people will help curb inflation is mind-boggling. Why do we want to reduce the number of people who are participating in the workforce? Wouldn't it be better to concentrate on making our workforce more productive to reduce inflation? If we are more productive, wouldn't that reduce the cost of things?
What do people do when they become unemployed? Do they stop buying things?
Anirban-- so if we fast tracked some LEGAL immigrants to help out with childcare/service industry jobs, what effect would that have on inflation? the economy in general?
This whole thought that more unemployed people will help curb inflation is mind-boggling. Why do we want to reduce the number of people who are participating in the workforce? Wouldn't it be better to concentrate on making our workforce more productive to reduce inflation? If we are more productive, wouldn't that reduce the cost of things?
What do people do when they become unemployed? Do they stop buying things?
Anirban-- so if we fast tracked some LEGAL immigrants to help out with childcare/service industry jobs, what effect would that have on inflation? the economy in general?