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 02:37:56AM 0 points [-]

In the case of unemployment you have people who would be willing to work for less than some employed people, but those people are not hired while the employed people continue being paid more than the unemployed people would accept.

To do the same work?