economy comments on Unemployment explanations - LessWrong

28 Post author: Stuart_Armstrong 07 November 2014 05:12PM

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Comment author: [deleted] 25 January 2015 02:26:54AM 2 points [-]

This is not the same as unemployment, technically. "I want to get a job, but the commute sucks" is not really any different from "I want to get a job, but not getting to play video games in my pajamas all day sucks." The latter individual is nonemployed, and so is the former, I suppose.

Economic frictions are not simply anything that makes getting a job difficult, but things that interfere with the equilibrating function of the price mechanism.