2021
DOI: 10.1080/00213624.2021.1945886
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Why Has Labor Not Demanded Guaranteed Employment?

Abstract: Unemployment has almost always been traumatic for its victims. In earlier times, it threatened extreme privation, if not starvation. Still today, it dramatically decreases its victims' standard of living, human capital, social standing, and self-respect. It is associated with poorer health, family dissolution, and suicide. Unemployment also entails considerable costs to society such as lost output, increased crime, decayed neighborhoods, and when extreme, political unrest. Why, then, is it tolerated? Why, espe… Show more

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