Your phone example seems analogous to “frictional” unemployment, which will resolve itself, given time.
As for why the job market is special: most (western) people derive the majority of their income from a salary. If many people were professional used phone sellers, the analogy would work.
The analogy works for firms, no? If a firm can’t sell as much stuff, then it can’t buy as much other stuff, which feeds into less revenue for other firms, etc.
Your phone example seems analogous to “frictional” unemployment, which will resolve itself, given time.
As for why the job market is special: most (western) people derive the majority of their income from a salary. If many people were professional used phone sellers, the analogy would work.
But even professional manufactures often fail to sell some of their stuff.
The analogy works for firms, no? If a firm can’t sell as much stuff, then it can’t buy as much other stuff, which feeds into less revenue for other firms, etc.
Assuming, unrealistically , that everything stays constant.