How Sticky Wages Contribute to Unemployment (They Make Cyclical Unemployment WORSE)

[@kylehooper4071]

Great explanation of surplus labor in a recession! Thanks for this one.

[@devingrosko7427]

very clear and well explained! Thank you!

[@spartandcg5939]

Moral of the story be the best worker at the company so you won't be the one let go

[@BenjaminFaust]

Yes! Find something you love doing, get paid enough to do, and are good at. That’s the full trifecta but at least be the best to avoid layoff.

[@jamesvierthaler2373]

Outstanding video!

[@BenjaminFaust]

Thank you so much! Good to hear from you, hope you’re doing well.

[@rafaelvargas3406]

Pay cuts save jobs. I Brazil, they are illegal, so, companies will have no choice but to fire people... Wich is horrible. It's better to keep your job with a lower payment than loosing it completely!

[@BenjaminFaust]

Wow, so Brazil has made into law something that society should work to get around. Not good. Hope people in Brazil can find ways to provide for themselves despite this