Loading ...Good morning Farmboy. I wrote posts years ago about that, re the real adjusted for abnormally low tax payer wages, unemployment rate. In other words, if the inflation adjusted minimum wage is 30% below 1970, then we have a real unemployment rate EFFECT, of 40% unemployed.
If for example tax PAYERS were extremely OVER paid, and minimum wage was $50/hr, we would have an unemployment rate of MINUS 30% or 130% employment rate.