IS SOME LEVEL UNEMPLOYMENT BENEFICIAL?

The intention of the classification of unemployment is an attempt to measure how an economy is doing at providing jobs for the people who want them, not just the percentage of people in an economy who are not employed.

Think about the unemployment of things rather than people. Look around the campus and notice all the unemployed automobiles in the parking lots/stations. Notice the unemployed classrooms early in the morning and late at night. Notice the unemployed seats in Starbucks. Look around the city and notice all the unemployed automobiles in the car sales lots. Try to make a reservation at any of the hotels in the city and notice that you can almost always get a room—hence, lots of unemployed hotel rooms.

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IS SOME LEVEL UNEMPLOYMENT BENEFICIAL?
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Does all this unemployment bring benefits? Obviously, it would be very costly to organize rental markets in which cars don’t sit idle all day, classrooms utilized 24/7, hotel rooms booked 100% all of the time and so on. Do the same ideas apply to unemployed people? Certainly, unemployment causes misery and heartache to those who have been laid off or can’t find work. It is definitely quite costly both emotionally and economically; however, there are potential benefits to a certain level of unemployment.

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