Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.

While most people intuitively know that low unemployment is important to job seekers, they may not realize that high levels of employment actually would make an enormous difference in the lives of large segments of the workforce who already have jobs. Particularly in an era of historically high wage and income inequality, many in the workforce depend on full employment labor markets, and the bargaining power it provides, to secure a fair share of the economy's growth. For the bottom third or even half of the wage distribution, high levels of employment are a necessary condition for improving wages, higher incomes, and better working conditions. This book is a follow-up to a book written a decade ago by the authors, The Benefits of Full Employment (Economic Policy Institute, 2003). It builds on the evidence presented in that book, showing that real wage growth for workers in the bottom half of the income scale is highly dependent on the overall rate of unemployment. In the late 1990s, when the United States saw its first sustained period of low unemployment in more than a quarter century, workers at the middle and bottom of the wage distribution were able to secure substantial gains in real wages. When unemployment rose in the 2001 recession, and again following the collapse of the housing bubble, most workers no longer had the bargaining power to share in the benefits of growth. The book also documents another critical yet often overlooked side effect of full employment: improved fiscal conditions (without mindless budget policies like the current sequestration). Finally, in this volume, unlike the earlier one, the authors present a broad set of policies designed to boost growth and get the unemployment rate down to a level where far more workers have a fighting chance of getting ahead.

For centuries we've believed that work was where you learned discipline, initiative, honesty, self-reliance--in a word, character. A job was also, and not incidentally, the source of your income: if you didn't work, you didn't eat, or else you were stealing from someone. If only you worked hard, you could earn your way and maybe even make something of yourself. In recent decades, through everyday experience, these beliefs have proven spectacularly false. In this book, James Livingston explains how and why Americans still cling to work as a solution rather than a problem--why it is that both liberals and conservatives announce that "full employment" is their goal when job creation is no longer a feasible solution for any problem, moral or economic. The result is a witty, stirring denunciation of the ways we think about why we labor, exhorting us to imagine a new way of finding meaning, character, and sustenance beyond our workaday world--and showing us that we can afford to leave that world behind.

First published in 1986. This book analyses, at an introductory level, the four main and competing political interpretations of the cause of unemployment and the future of paid work – social democracy, free market liberalism, the disciplinary state, and utopian socialism. Considered together these four interpretations are highly revealing – and challenging. They raise considerable doubts about the viability or desirability of policies design to ‘get the jobless back to work’. Keane and Owens’ central argument is that the post-war policy of full male employment, as well as its politic, economic and social preconditions, are not repeatable, Starting with Keynes and Beveridge, they explain how and why full employment welfare states developed in Britain and the US, and how they had in turn been replaced by the ‘strong state, free market’ programmes of Thatcher and Reagan. By focusing on an issue which was, and still is, at the heart of political debate, the book provides a lucid and approachable guide to four key strands of political thought it Britain and the US. It will be an ideal introductory text for students of politics, sociology and economics.

By showing that the basic assumptions if mainstream macroeconomics were and are flawed, the author aims to convince the reader that full employment and price stability are fully compatible goals in the modern world.