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Full Employment in a Free Society (Works of William H. Beveridge) - A Report (Hardcover)
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Full Employment in a Free Society (Works of William H. Beveridge) - A Report (Hardcover)
Series: The Works of William H. Beveridge
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Beveridge defined full employment as a state where there are
slightly more vacant jobs than there are available workers, or not
more than 3% of the total workforce. This book discusses how this
goal might be achieved, beginning with the thesis that because
individual employers are not capable of creating full employment,
it must be the responsibility of the state. Beveridge claimed that
the upward pressure on wages, due to the increased bargaining
strength of labour, would be eased by rising productivity, and kept
in check by a system of wage arbitration. The cooperation of
workers would be secured by the common interest in the ideal of
full employment. Alternative measures for achieving full employment
included Keynesian-style fiscal regulation, direct control of
manpower, and state control of the means of production. The impetus
behind Beveridge's thinking was social justice and the creation of
an ideal new society after the war. The book was written in the
context of an economy which would have to transfer from wartime
direction to peace time. It was then updated in 1960, following a
decade where the average unemployment rate in Britain was in fact
nearly 1.5%.
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