Full Employment

Unemployment rate approaches 10%.

But what is full employment?

What is a healthy rate of unemployment?

We have been led to believe that 4% is full employment. But at that level we usually get inflation and labor shortages and lots of illegal immigrants taking jobs. That is an overheated and overstimulated economy.

I propose that full employment is 8%.

We should gear all our expectations around that number.
Then the number of "problem" unemployed is much smaller than we think.

We work too much.
We produce too much.
It makes us sick.
It makes the earth sick.

We would do well to be content with less and stop being so angry.

Better to live simply than to live in anger.