Is it Entirely a Free Labor Market?

Adam Smith talks about perfect markets.

Huh!

He can't be entirely wrong! In 1759 he wrote about "...expounding upon how rational self-interest and competition can lead to economic prosperity."

So my people or workers yeah MD's, CEO's inclusive. Works for their own economic interest. There's no selflessness here.

So therefor:-

1. In a mutual benefits environment an employer & employee match so full employment

2. Reasonable demand is a wage that adds to production - meaning employer hires at a wage demanded but still (as always) has some spare extra output for a bigger profit to the employer.

3.  Employer will not hire at a wage that's larger than an employee's production output thus incurring a lost

4. So employment only takes place when a worker take a lower wage thus leaving room for the employer to make a bigger profit - its abusive here

5. Unemployment is then a temporal situation whereby the equation between employee & employer is not match

6. A new dimension has began since the last decade and its growing - permanent unemployment as workers find it not economical to be hired as they are not paid enough 

So why is there UNEMPLOYMENT?

 Here's the crunch of it all:-

1) a worker - like I said be it MD's, CEO's, COO's, is unable to find a job cause they felt that the offers don't match their skills or in other words don't pay them enough

2) most likely employers don't seem to think that they should hire as there 'mind-sets' are such... "Workers always insist for a higher pay package" thus workers production does not lead to a bigger profit for them as employers 

True or true?

So people my questions:

(i) What's the use of a career with great potential? When you can't get employed.

(ii) What's the use of dying with a career of great potential with out realising it?

(iii) What's your next course of action?

As always do the right thing. The trend is now pointing to self-employment. How can one get out of the labor market or so called rat-race?

It's not rocket science here!

Get hold of me now and let's explore.

Cheerios