Daily: Different approaches to generating sustained full employment

Jobs and wages

I want to highlight three articles on the issue of jobs and full employment because they give one a view of the employment issue from various angles. First is the brief history of unemployment in Britain covering data from 1855. What we see are wild swings due to the boom-bust nature of the economy with a "highish" central tendency to unemployment of 5.1%. This is followed by a period of near-full employment from 1945-1973 and another volatile period since 1973....


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