Unemployment, Optimal Waiting and Queues.

In this article, we portray the state of technically diverse economies as the outcome of probabilistic equilibria. We provide the steady state distributions of current technologies, unemployment, wages and job durations thus allowing the comparison of situations with identical mean values but a differently distributed probability mass. A queuing closed network is used to establish the connections between advertised, filled and dormant business options, and their implications for the unemployment of differently qualified workers.