Private companies always seek to maximise profits.
Obviously the private sector has no moral or business obligation to reduce unemployment and increase wages. And governments haven’t been interested in tackling the productivity/wage gap for decades.
If you want to increase productivity you’re basically going to have to cut millions of jobs and straight up automate everything and invent bullshit jobs to keep the masses from rioting.
So what is the solution besides complete apathy? Because we might be happy with the low unemployment we have now, but thats just more people doing low wage unskilled jobs leading to an overall reduction or stagnation of productivity.
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