Earlier quoted context omitted.
That's a good point, but in most societies, most people aren't out of work. The safety net depends on people paying in to the system, which depends on people having something to pay.
I think of it differently. As an engineer I'd use a control volume - draw a circle around the economy. Label inputs and outputs. E.g. mining, sunlight to produce food and energy, available land and water. The economy thrives if those things have a positive balance. The money is just a strange way of scorekeeping - imaginary points the people use to regulate their selfishness. For instance the idea of a Basic Income i…
It's entirely possible the answer to increased joblessness here will be to tell the unemployed to go back to school, then raise the cost of student loans by some ridiculous factor, then not actually attempt to create jobs for them when they get out.
Then again, there are states where gay marriage and marijuana are legal now, so maybe i'm too cynical.