Earlier quoted context omitted.
And what is Econ 201's solution to pervasive unemployment, or lack of spending power due to underemployment? Is that also classified as "societal value"?
I'm not sure if you have noticed, but unemployment is at a multi decade low. We are not seeing pervasive unemployment, we are seeing the opposite. A situation where there are too many jobs, and not enough workers to fill them So econ 201 would say that there isn't any societial problem right now.
For perspective, a lot of households have seen a large increase in their wealth. Comparatively, the vast majority of food stamp recipients actively participate in the work force but still need government assistance. While it appears that there are many jobs available, it also appears that these jobs don't pay enough to allow the people who work them to live outside of a life of poverty.