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I cite a sentence from this article:
All workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed.
Is this correct?
On this chart, it seems like the workers on the labor supply curve above the market wage are unemployed. Secondly, is really the red line on the chart " Goods market"? I think it should be a demand or supply curve of the labor market.-- ShuBraque ( talk) 11:58, 15 August 2015 (UTC)
Quote from the article: all workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed.
Dr. Grieve has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
I find ths entry on INVOLUNTARY UNEMPLOYMENT rather weak in that it doesn't bring out what Keynes meant by his novel concept of "involuntary unemployment", and doesn't make it clear that the concept has largely disappeared from mainstream modern economics, not because it is irrelevant, but because much mainstream thinking simply has no room for the idea that people can be idle, not because they have chosen leisure, but because there is no demand on the part of employers for their services. https://drive.google.com/file/d/0B8-wWhGFpGYCYlM1QzZTcG56S0U/view?usp=sharing
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Grieve has expertise on the topic of this article, since he has published relevant scholarly research:
ExpertIdeasBot ( talk) 11:48, 23 September 2016 (UTC)
The lead says
I don’t understand what is meant by on a portion of the labor supply curve or off the labor supply curve. I can understand what the first quoted sentence is intended to mean, though there must be a better way to put it. But what does the second sentence mean by “off of the labor supply curve”? Loraof ( talk) 17:08, 7 April 2019 (UTC)
![]() | A fact from Involuntary unemployment appeared on Wikipedia's
Main Page in the
Did you know column on 29 April 2013 (
check views). The text of the entry was as follows:
| ![]() |
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||
|
I cite a sentence from this article:
All workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed.
Is this correct?
On this chart, it seems like the workers on the labor supply curve above the market wage are unemployed. Secondly, is really the red line on the chart " Goods market"? I think it should be a demand or supply curve of the labor market.-- ShuBraque ( talk) 11:58, 15 August 2015 (UTC)
Quote from the article: all workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed.
Dr. Grieve has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
I find ths entry on INVOLUNTARY UNEMPLOYMENT rather weak in that it doesn't bring out what Keynes meant by his novel concept of "involuntary unemployment", and doesn't make it clear that the concept has largely disappeared from mainstream modern economics, not because it is irrelevant, but because much mainstream thinking simply has no room for the idea that people can be idle, not because they have chosen leisure, but because there is no demand on the part of employers for their services. https://drive.google.com/file/d/0B8-wWhGFpGYCYlM1QzZTcG56S0U/view?usp=sharing
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Grieve has expertise on the topic of this article, since he has published relevant scholarly research:
ExpertIdeasBot ( talk) 11:48, 23 September 2016 (UTC)
The lead says
I don’t understand what is meant by on a portion of the labor supply curve or off the labor supply curve. I can understand what the first quoted sentence is intended to mean, though there must be a better way to put it. But what does the second sentence mean by “off of the labor supply curve”? Loraof ( talk) 17:08, 7 April 2019 (UTC)