This past summer, I had a friend of mine who fits perfect in the category of being a discouraged worker. Krugman and wells (2015) defines a discouraged worker as a nonworking person who is capable of working but have given up looking for a job given the state of the job market. She always talked about not having enough money, no money in her savings, and no money to go out. When she would have money, she would spend it on stuff she does not need. She started looking for a summer job, but every company she applied for, they ended up not hiring her because of her schedule.
The short term concerns of high employment are that unemployment is not a good thing and neither is it doing any good for the economy. If less people are hardly making enough,
The short term concerns of high employment are that unemployment is not a good thing and neither is it doing any good for the economy. If less people are hardly making enough,