5 votes
Jul 3, 2015

No, unemployment is caused by a lack of demand. The lack of demand is caused by low wages (fewer people buying things means less profit). Low wages are caused by short sighted folks searching for high profit margins as opposed to a steady stream of long term growth with slightly lower profit margins in the short term.

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0 votes,
Jul 3, 2015

This indeed is the cause. Lack of demand caused by the lack of income growth by the middle class. When the top 1% takes all the income growth in the country than exports many of the jobs, then demand from the middle class goes away, which reinforces the unemployment problem.

Be prepared for a lot of angst from Wall street caused by slow growth.

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