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Back to Full Employment

Robert Pollin is Professor of Economics and Co-Director of the Political Economy Research Institute at the University of Massachusetts, Amherst. He is co-author of A Measure of Fairness.
"Employment conditions in the United States today, in the aftermath of the 2008-09 Wall Street collapse and worldwide Great Recession, remain disastrous—worse than at any time since the Depression of the 1930s.

Since Barack Obama entered office in January 2009, the official unemployment rate has averaged more than 9.5 percent, representing some fifteen million people in a labor force of about 154 million. By a broader definition, including people employed for fewer hours than they would like and those discouraged from looking for work, the unemployment rate has been far higher—16.5 percent, on average. Still worse, if we count people who have dropped out of the labor force, unemployment would rise to nearly 20 percent, or 30 million people, roughly twice the combined populations of New York, Los Angeles, and Chicago..."

to read Robert Pollin's "Back to Full Employment" published in The Bostonreview Jan/Feb 2011, click

 http://www.bostonreview.net/BR36.1/pollin.php

Robert Pollin will speak on www.booktv.org on Sunday March 17, 2013

"Back to Full Employment"
Robert Pollin
About the Program

Robert Pollin argues that the U.S. government should be pushing for full employment (less than 4% unemployment), a policy goal which he says was abandoned in the 1970s when concerns about inflation began to take precedence. Prof. Pollin spoke at the Odyssey Bookshop in South Hadley, Massachusetts.

Robert Pollin is a professor of economics and co-director of the Political Economy Research Institute at the University of Massachusetts, Amherst. He is the author of "Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity."

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The jobs aren't coming back, so an new economic model is needed. 17.Mar.2013 10:38

Nicolo Triverdi

Technological unemployment is steadily eliminating jobs, and those jobs are never coming back. Outsourcing has not provided full employment for China and India, and it never will. It can't. Eventually the factories in China will lay off workers en masse due to technological advances.

There should be a provision in the US Constitution, or an Amendment to the Constitution, which guarantees the Right to Work. No one who wants to work should be denied a job. Full employment can be easily achieved by adjusting the hours of the standard workweek. If unemployment is at 20%, you reduce the workweek from 40 hours to 32 hours, to provide jobs for the 20% who are unemployed. The adjustment should be applied across the board, applying to CEOs and the self-employed.