What is a "buffer stock" in terms of employment?
When people are unemployed, they make up a buffer stock of unemployed, potential workers for "the man".
When people are unemployed, they make up a buffer stock of unemployed, potential workers for "the man".
They are a buffer... they are the stock should "the man" decide he needs more labor, the unemployed "buffer stock" makes up some of his low price options.
But employers like to hire employed people. They make some key assumptions:
But employers like to hire employed people. They make some key assumptions:
An employed person is able to hold a job, has better hygiene for work and is more practiced in labor and able to slide over and perform the work required.
Is that true?
Maybe, maybe not... but one thing is for sure...
Is that true?
Maybe, maybe not... but one thing is for sure...
A Federal Job Guarantee provides an "employed bufferstock" of labor who have benefits and most likely better taken care of.
So you either leave people as employed or unemployed bufferstock.
So you either leave people as employed or unemployed bufferstock.
As for me and my house, we would have LOVED to be employed bufferstock during the Global Financial Crisis.
Do you understand what the term "buffer stock" is now?As for me and my house, we would have LOVED to be employed bufferstock during the Global Financial Crisis.
Do you understand what the term "buffer stock" is now?
Do you understand what the term "buffer stock" is now?
