Labour-saving versus labour-using investment

Maurice Scott and Robert A. Laslett

Chapter 5 in Can We Get Back to Full Employment?, 1978, pp 43-67 from Palgrave Macmillan

Abstract: Abstract In this chapter we seek to account for that part of the increase in unemployment over the last decade which is due neither to factors such as more generous unemployment benefits relative to net of tax earnings (‘frictional’) nor to deficiency of demand (‘cyclical’). We call the remaining part of the increase ‘structural’. While this term has been used to cover a wide variety of different factors, all in some way related to the idea of a mismatch between the structure of demand for labour and the available supply, we believe that the important factor in recent years has been an insufficiency of labour-using investment, whose causes in turn we discuss.

Keywords: Real Wage; Full Employment; Private Service; Spare Capacity; Male Employment (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16020-4_5

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DOI: 10.1007/978-1-349-16020-4_5

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