My observation, is that this new Brexit era will allow manufacturers to have a chance to re-focus on capital investment in order to upskill the existing UK workforce to use new technology, and maintain full employment
, given that the economy is at maximum capacity.
Essentially, the idea of full employment
is that so few workers are available that companies need to begin raising wages to attract help.
The federal job guarantee not only will chart a direct route to full employment
, but also to decent and dignified employment for all Americans.
Statistical filtering techniques, such as the Hodrick--Prescott filter, extract from the data underlying trends that represent an economy's full employment
or potential output.
This implies that an annual growth rate of 6-6.5pc in the provincial GPP may be sufficient to achieve the target of full employment
To appreciate the extent of labour under-utilsation throughout the period since 1974 (especially as it relates to Australia), it is helpful to draw on the extensive work of the Centre of Full Employment
and Equity (CofFEE) at the University of Newcastle, Australia.
is better than high unemployment if it can be accomplished without inflation, Greenspan thought.
THE Government's crusade for full employment
has been strengthened by surprising statistics about the impact on people's health of being out of work.
Expert economists Jared Bernstein and Dean Baker present The Benefits of Full Employment
: When Markets Work for People, a thoughtful look at the prosperity that came with the 1990s employment boom.
He was also greatly instrumental in co-authorship of the National Industrial Recovery Act (1935); the National Labor Relations Act (1935)--the so-called Wagner Act; the Employment Act of 1946; and later the Full Employment
and Balanced Growth Act of 1978 (The Humphrey-Hawkins Act)--all of which he considered more important than the dissertation which he had not completed.
The Institute has now called for the Labour Government to do more to achieve its manifesto pledge of full employment
in every region.