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mwengler comments on What jobs are safe in an automated future? - Less Wrong Discussion
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It is virtually always the case that you can get a job, you just can't get one that meets some rather stringent criteria for longer than you expected it to take to get such a job.
Labor is a productive input, out of equilibrium it can be wasted but eventually a system will tend to employ it fairly efficiently , which doesn't leave much of it laying around unused.
Jobs shouldn't be a scarce resource, but markets can stay out of equilibrium for a surprisingly long time and economies can fail to produce as much as they are capable of doing. Right now, in the U.S., there are about five times as many unemployed workers as there are job openings, and there have been times when things were worse, most notably during the Great Depression of the 1930s.
Even McDonalds is getting more far more applicants than it wants to hire.
Especially when there are laws involved!
Lawless areas seem to have gigantically lower productivity than lawful areas. ALL the high per capita productivity regions of the world have overwhelmingly strong governments providing physical security to lives and property at extraordinarily high levels.
Do you have any evidence that lawless areas do economically better in ANY measure than heavily regulated areas?
That would be a rather bizarre thing for me to be try to provide evidence for. I have not and would not assert any similar thing. That's the most surprising thing I've had appear in my inbox for ages!
My comment was merely an agreement with CronoDAS that in practice markets are not perfectly efficient and acknowledgement that with respect to job markets in particular things like minimum wage laws contribute to this. And you know what? Without claiming much expertise and so with rather low confidence I say minimum wage laws are a good thing. Ours (in Aus.) are comparatively high (compared to, say, the US) and it seems to work fine.