Articles on Unemployment

This article provides an introduction about the various subsets that the general population is divided into for the purpose of calculation of the unemployment rate. It provides a critical analysis of the numerator and denominator used to calculate the ratio.

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This article explains in detail, the relationship between minimum wage laws and the employment rate. It also explains as to why minimum wage can in fact work against the laborers.

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This article explains the famous discouraged worker flaw. It also explains with the help of an example as to how this causes the unemployment rate to be manipulated.

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This article addresses the man vs. machine debate. It addresses the relationship between mechanization and unemployment and explains the same in a logical and easy to understand manner.

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This article explains the reason behind why zero unemployment should not be pursued as a goal within itself. It also explains that employment is a byproduct of efficient economic activity and should not be considered as independent.

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This article makes an attempt to explain the link between happiness and economic variables. Various conjectures are explained in this article. The cause and effect relationship between economics and happiness is also spelled out in this article.

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This article explains the concept of shadow labor or self-service. It explains how shadow labor has now become an important phenomenon that has competitive ramifications. It also explains the correct way to implement shadow labor. The limitations of self-service are also explained in this article.

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This article explains the faulty premise of full employment. It explains how an attempt to simply create more jobs actually does more harm to the economy than good. It also explains why a free market that sets wage rates is preferred to government mandated minimum wage rates.

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