Things You Never Knew About Unemployment

Ulmer, Melville J.
May 1972
New Republic;5/6/72, Vol. 166 Issue 19, p14
Focuses on key issues related to unemployment. Clarification of the meaning of full employment as opposed to common notion; Views that three to four percent unemployment can be equated to full employment; Unemployment reaching that level causes inflation to subside; Increase in prices in practical terms; Lack of proper representation of the discouraged workers in the statistics of the labor class; Unemployment among women and youth should not be given the same weight as that of others; Views that full employment is a dynamic concept and demographic changes should be allowed.


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