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Old 02-21-2018, 02:37 PM
 
Location: Mars City
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Low unemployment often means more competition for jobs, and lower wages/income. Not necessarily a good thing.
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Old 02-22-2018, 02:21 AM
 
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Originally Posted by Thoreau424 View Post
Low unemployment often means more competition for jobs, and lower wages/income. Not necessarily a good thing.
Low unemployment means more competition for workers, not jobs. Usually coincides with higher wages, especially in entry level positions since employers cannot keep people in them cheaply.
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Old 02-22-2018, 06:09 AM
 
21,191 posts, read 30,372,337 times
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Originally Posted by mjlo View Post
Low unemployment means more competition for workers, not jobs. Usually coincides with higher wages, especially in entry level positions since employers cannot keep people in them cheaply.
Which is why many cities are seeing fast food salaries hovering at $15 an hour or facing the demand.
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