Since the 1970s the average level of unemployment in Australia has
risen each decade. This has imposed huge economic, social and human
costs, making unemployment one of the most pressing problems
confronting Australia. Governments, however, seem powerless in the
face of this problem. Drawing on the expertise of some of
Australia's leading economists, this book, first published in 2000,
argues that the currently fashionable approaches of wage cuts and
further steps towards labour market flexibility will not solve the
unemployment problem. In reality, unemployment and rising
inequality are symptoms of the growing failure of contemporary
labour markets to distribute jobs and incomes effectively. The
contributors argue that the main solution to this problem is not
wage cuts but jobs growth. This important book points to a way
beyond the current policy malaise and offers detailed solutions to
unemployment.
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