According to some economists, we need more unemployment in Australia to get inflation under control. But, Gareth Hutchens asks, do they know how jobseekers are treated?
File this under “I’m got mine, the rest of you can sod off”!
But hypothetically these people who can afford to give up their jobs (aforementioned list) are hogging up low and middle income jobs (admin at the GP clinic / law firm) for ”fun” money, so there would be more easy/entry level jobs available for low skilled workers.
On the upper end, soon-to-be-retirees who are currently managers could make the jump so everyone below them gets to move up the ladder making entry level positions available.
I’m not sure how you could incentivise this though.
But it’s also the low wage earners that is most likely to lose their job because of supply and demand.
No idea what would happen and reality is messy.
But hypothetically these people who can afford to give up their jobs (aforementioned list) are hogging up low and middle income jobs (admin at the GP clinic / law firm) for ”fun” money, so there would be more easy/entry level jobs available for low skilled workers.
On the upper end, soon-to-be-retirees who are currently managers could make the jump so everyone below them gets to move up the ladder making entry level positions available.
I’m not sure how you could incentivise this though.
Depends more on the industry. Higher income is usually more affected by recessions.