Comments by "michael" (@michaeld4861) on "Why You're Thinking About Unemployment Wrong" video.

This so called "invisible hand" can only even theoretically work when there's no MONOPOLIES! Since everything in the US is now essentially a monopoly, economics is essentially broken.
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There's no such thing as the "free market". Somebody is always making the rules. In the case of the US it's the corporations. Robert Reich and others have written very convincingly about this.
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Unemployment doesn't actually mean the number of people that don't have a job. It means specifically the number of people that are collecting unemployment checks. Just another form of deceitful data manipulation by the banking class (the FED).
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And unemployment is caused by the Fed in order to crush workers and their wages to allow the owner class to gain more control. And that's according to the Fed themselves, at least the crushing workers part.
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You get so much wrong in this video. Pharmacists, with the required knowledge, are not magically selected by pharmacy companies to match the correct amount of knowledge to the job. Those same companies would hire someone with no education and pay them minimum wage if they could get away with it. They are required to have that knowledge to work in their field because of regulations. Hence why pharmaceutical sales reps get paid insane wages while having no education in the field of drugs. Everything is as broken and corrupt as the lack of regulation allows it to be. You really buy into the whole magical myth sold by capitalists way too much.
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Also why so many slave rings and child labor violations have been seen in the US lately. Companies will hire anyone for as little as possible, even at the expense of safety and the lives of the employee or consumer. People don't have time to investigate every supply chain and business practice of everything they buy and the fines these companies receive for breaking the law might as well just make it legal.
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