Special Issue on: The Challenge of Full Employment in the Global Economy Editorial Introduction

Helen Lachs Ginsburg, June Zaccone, Gertrude Schaffner Goldberg, Sheila D. Collins and Sumner M. Rosen
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Helen Lachs Ginsburg: Brooklyn College, City UniversIy of New York
June Zaccone: Hofstra University
Gertrude Schaffner Goldberg: Adelphi University School of Social Work
Sheila D. Collins: William Paterson College
Sumner M. Rosen: Columbia Universiy School of Social Work

Economic and Industrial Democracy, 1997, vol. 18, issue 1, 5-34

Abstract: Low unemployment and commitment to full employment were widespread after the Second World War. Today, there is mass unemployment and weak commitment to-full employment, which is still necessary and attainable. This article discusses divergent concepts of full employment, its history and the impact of the global economy. We dispel the notion that Europe's high unemployment is due to labor market rigidity, that the US model is a good alternative and that technology has made work obsolete. Unemployment, both morally unacceptable and economically irrational, weakens welfare states. The global economy makes attaining full employment more difficult but not impossible. Political and economic strategies, needed at both national and international levels, are suggested, along with possible actions by intellectuals.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecoind:v:18:y:1997:i:1:p:5-34

DOI: 10.1177/0143831X97181001

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