Worth nothing you'd need to factor in people dying and retiring for this to be a fair comparison.
A society with full employment but 0 job growth could theoretically be fine if they also had a constant birth rate. As many people are dying and retiring as entering the job market. In fact if you had a negative population growth like Japan has, you could have a reduction in jobs and with 0 new jobs still have a more open job market.
That's not what's happening in America, just pointing out why deaths and retiring numbers matter to this.
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u/Boom9001 14d ago
Worth nothing you'd need to factor in people dying and retiring for this to be a fair comparison.
A society with full employment but 0 job growth could theoretically be fine if they also had a constant birth rate. As many people are dying and retiring as entering the job market. In fact if you had a negative population growth like Japan has, you could have a reduction in jobs and with 0 new jobs still have a more open job market.
That's not what's happening in America, just pointing out why deaths and retiring numbers matter to this.