How Sticky Wages Contribute to Unemployment (They Make Cyclical Unemployment WORSE)

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  • Опубліковано 18 чер 2022

КОМЕНТАРІ • 8

  • @kylehooper4071
    @kylehooper4071 2 роки тому

    Great explanation of surplus labor in a recession! Thanks for this one.

  • @devingrosko7427
    @devingrosko7427 3 місяці тому

    very clear and well explained! Thank you!

  • @spartandcg5939
    @spartandcg5939 2 роки тому

    Moral of the story be the best worker at the company so you won't be the one let go

    • @BenjaminFaust
      @BenjaminFaust  2 роки тому

      Yes! Find something you love doing, get paid enough to do, and are good at. That’s the full trifecta but at least be the best to avoid layoff.

  • @jamesvierthaler2373
    @jamesvierthaler2373 2 роки тому

    Outstanding video!

    • @BenjaminFaust
      @BenjaminFaust  2 роки тому +1

      Thank you so much! Good to hear from you, hope you’re doing well.

  • @rafaelvargas3406
    @rafaelvargas3406 2 роки тому

    Pay cuts save jobs. I Brazil, they are illegal, so, companies will have no choice but to fire people... Wich is horrible. It's better to keep your job with a lower payment than loosing it completely!

    • @BenjaminFaust
      @BenjaminFaust  2 роки тому

      Wow, so Brazil has made into law something that society should work to get around. Not good. Hope people in Brazil can find ways to provide for themselves despite this