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Gunnar_Zarncke comments on Unemployment explanations - LessWrong
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Another class is excluded: Workers have the option to voice their opinon and thereby affect the market on a higher level. See Hirschman http://en.wikipedia.org/wiki/Exit,_Voice,_and_Loyalty
I mentioned this on LW here: http://lesswrong.com/lw/isk/a_voting_puzzle_some_political_science_and_a_nerd/