The Enduring Case for Full Employment
The Enduring Case for Full Employment
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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