Prospective Unemployment: The Cost of Inertia

J. H. Foegen

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DOI: 10.2190/X63K-YCCJ-LCRY-8KB2

Abstract

An underrecognized "ball and chain" effect, inhibiting both productivity and the overall economy, represents a continuing challenge to maximizing use of human resources. In one sense unreal, and hence deserving lower priority compared with more urgent problems, "prospective" unemployment is in another way only too real, as a serious, broad-scale, long-run threat to economic well-being.

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