If unemployment is low, that means most job seekers are finding work. That means employers looking to hire are drawing from a very small pool of possible applicants. It’s a “buyer’s market” where job seekers could negotiate higher wages because if the employer doesn’t hire them, there’s no other available option.
The low unemployment rate puts the lie to the need to “support people who can’t find work.” I guess you can’t find it if you’re not looking for it because you’ll be paid handsomely for not looking.
Thank you. That’s what I was thinking, but you put it into words for me. ;)