Without counterfactuals: assume Mr X is willing to do job Y at wage Z, and has as much skills as Mr A. Then if Mr A has job Y at wages above Z, and Mr X is unemployed, we do not have full employment.
Without counterfactuals: assume Mr X is willing to do job Y at wage Z, and has as much skills as Mr A. Then if Mr A has job Y at wages above Z, and Mr X is unemployed, we do not have full employment.