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Full Employment and the Path to Shared Prosperity
- Dissent
- University of Pennsylvania Press
- Volume 61, Number 3, Summer 2014
- pp. 27-33
- 10.1353/dss.2014.0057
- Article
- Additional Information
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There are many policies that can reduce inequality, but there is none as straight-forward conceptually and as difficult politically as full employment. The basic point is simple: at low rates of unemployment, the demand for labor allows workers at the middle and bottom of the wage distribution to achieve gains in hourly wages, annual hours of work, and thus income.