welfare debate, page-13

  1. 36,517 Posts.
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    Chrysalis,

    You said:

    "Do people here not know that Australia will always have a minimum percentage of unemployed people. From memory around 5 to 5.5% of the workforce. It is deliberately ensured in order to keep wages "under control".

    There will always be some level of unemployment, but not for the reason you stated, viz. quote :deliberately ensured in order to keep wages "under control". end of quote.

    In the 1970s, the percentage was around 2 to 3% region, I think. It was called structural unemployment.

 
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