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Youth, Jobs, and the FutureProblems and Prospects$
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Lynn S. Chancer, Martín Sánchez-Jankowski, and Christine Trost

Print publication date: 2018

Print ISBN-13: 9780190685898

Published to Oxford Scholarship Online: November 2018

DOI: 10.1093/oso/9780190685898.001.0001

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The Enduring Case for Full Employment

The Enduring Case for Full Employment

Chapter:
(p.262) 12 The Enduring Case for Full Employment
Source:
Youth, Jobs, and the Future
Author(s):

Robert Kuttner

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190685898.003.0013

This concluding chapter examines the importance of full employment. With full employment, all is possible. Without full employment, there is insufficient bargaining power to raise wages, no matter how many overeducated young people graduate. Full employment is the ultimate case of targeting within universalism. Tight labor markets help all wage earners, but during the rare periods of full employment the greatest gains have gone to the young, the unskilled, and people of color. The chapter then recalls the history of full employment as a concept and as a politics. For full employment to be possible, one strategy would be to ensure that all human service work pays a living, middle-class wage.

Keywords:   full employment, wage, young people, universalism, labor market

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