Unemployment is a more important problem than inflation?

Answer 1

Agreed

Answer 2

I'd say it really depends on what your perspective is. If you have a job, you would obviously worry more about inflation than unemployment. But if you don't have a job, I guess you'd worry more about unemployment. But remember, inflation hits everybody, even the unemployed. It's also true that high inflation can lead to high unemployment as people get laid off due to lack of spending by the consumer. And, since even in a recession, over 90% of people are still working, I'd have to say inflation would be more important. If you take the human element out of the equation and go right to the dog eat dog business world, there's no doubt that inflation is the bigger worry. In fact, business kind of likes a lot of people chasing jobs because if depresses wages. On the other hand, fewer people working means less money chasing their goods so that might mean less revenue. It's just the vicious circle we call the free market.

Answer 3

There is no such thing as non-inflationary growth.

China has over 10% growth with high inflation. Intense growth leads to inflation.

Increases in wealth and standard of living increases demand for products.

If there is inflation, it will be offset by the future creation of more jobs due to more exporting and less importing due to the weak dollar. Already, India's Rupee is skyrocketing which helps the tech sector in the U.S..

I think most people would choose higher salaries and greater job security over having to deal with a little bit of inflation.

Answer 4

I've always heart that unemployment leads to inflation and not the other way around. This is b/c the stats need time to catch up to the actual facts.

Answer 5

Inflation has a big effect on unemployment. Eventually, it will cause interest rates to rise and then will effect business growth in a very bad way. Most businesses have large debt. Inflation also effects consumer buying power. Both have a very negative effect on business as well as consumers.

Answer 6

Inflation is a given when you have a fiat currency and a "National Bank" such as the federal reserve. Yes, unemployment is more important.

Answer 7

depends how much unemployment there is. Right now inflation is choking the lower class even though they are employed. Also those retiring, inflation has made it almost impossible to survive.

Inflation does help home buyers though but overall hurts the economy more.

Answer 8

No. If their is high inflation, there is high unemployment.

Answer 9

The problem with unemployment is that there are plenty of jobs available but welfare pays better.

Answer 10

I disagree, there are plenty of jobs that no Americans want, we have so many surplus jobs that we have to import people to fill them (there are 12 million illegals here doing them).