Apart from some die-hard New Classical economists, and the odd Rothbardian, everyone appreciates the difficulty of achieving such downward absolute cuts in nominal wage rates as may be called for to restore employment following an absolute decline in NGDP.

FORBES: Three Percent Is The New Zero Percent

They are therefore low-wage jobs: we have absolute proof that they are low-wage jobs because people are currently being paid low wages to do them.

FORBES: Ian Fletcher Again

The difficulty of achieving a reduction in the rate of wage increases ought, in short, to be considerably less than that of achieving absolute cuts.

FORBES: Three Percent Is The New Zero Percent