This is not the same as unemployment, technically. “I want to get a job, but the commute sucks” is not really any different from “I want to get a job, but not getting to play video games in my pajamas all day sucks.” The latter individual is nonemployed, and so is the former, I suppose.
Economic frictions are not simply anything that makes getting a job difficult, but things that interfere with the equilibrating function of the price mechanism.
This is not the same as unemployment, technically. “I want to get a job, but the commute sucks” is not really any different from “I want to get a job, but not getting to play video games in my pajamas all day sucks.” The latter individual is nonemployed, and so is the former, I suppose.
Economic frictions are not simply anything that makes getting a job difficult, but things that interfere with the equilibrating function of the price mechanism.