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Unemployment should be aimed to be reduced to 3%. 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.
The "thesis statement" comes from the concept of a thesis (θέσῐς, thésis) as it was articulated by Aristotle in Topica. Aristotle's definition of a thesis is "a conception which is contrary to accepted opinion." He also notes that this contrary view must come from an informed position; not every contrary view is a thesis. [3]
Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.. Aggravating factors for unemployment are the rapidly increasing quantity of international graduates competing for an inadequate number of suitable jobs, schools not keeping their curriculums relevant to the job market, the growing pressure on schools to increase access to education (which ...
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution".
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). [3] Unemployment can have many sources, such as the following: the status of the economy, which can be influenced by a recession
The safety valve theory was an American theory of economic development that held the availability of free land and continued expansion westwards into the American frontier contributed to American development, explained the lack of labor movements in the United States, and promoted democracy, economic equality and individualism. [1]
Examples of positive economic statements are "the unemployment rate in France is higher than that in the United States," or "an increase in government spending would lower the unemployment rate". Either of these is potentially falsifiable and may be contradicted by evidence. Positive economics as such avoids economic value judgments.
In 2012, the ILO global unemployment rate reached 5.9% of the civilian labour force (195.4 million, or a net 25.7 million more), 0.5 percentage points higher than the 5.4% rate before the financial crisis. The official global unemployment rate was expected to have risen to 6% of the civilian labour force in 2013.