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Full Employment: An Outmoded Objective in a Technological Age—Rejoinder
Author(s) -
Smith Philippa
Publication year - 1980
Publication title -
australian journal of social issues
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.417
H-Index - 30
eISSN - 1839-4655
pISSN - 0157-6321
DOI - 10.1002/j.1839-4655.1980.tb00689.x
Subject(s) - technological change , publishing , project commissioning , economics , resource (disambiguation) , labour economics , resource allocation , business , demographic economics , market economy , computer science , macroeconomics , political science , law , computer network
This paper challenges the assumption that technological change is beneficial because it results in efficient resource allocation. The introduction of technology in a period of low economic growth will merely distribute income to a decreasing number of people in jobs. As recent history has shown, this situation is worsened if the employed are not prepared to share their gains with the unemployed.