The Full Employment and Balanced Growth Act of 1976: An Analysis and Evaluation. Discussion Paper 346-76.

Autor/in	Barth, Michael C.
Institution	Wisconsin Univ., Madison. Inst. for Research on Poverty.
Titel	The Full Employment and Balanced Growth Act of 1976: An Analysis and Evaluation. Discussion Paper 346-76.
Quelle	(1976), (26 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Economic Climate; Employment; Federal Legislation; Government Role; Job Development; Labor Economics; Labor Legislation; Policy Formation; Public Policy; Unemployment + Suchen Sie Ihr Suchwort? Wirtschaftslage; Dienstverhältnis; Bundesrecht; Arbeitsökonomie; Labor law; Arbeitsrecht; Politische Betätigung; Öffentliche Ordnung; Arbeitslosigkeit
Abstract	The Full Employment and Balanced Growth Act of l976, S-50, the Humphrey-Hawkins bill, is an attempt to focus the nation's attention and energy on the problem of attaining full employment. As a matter of law the nation would be committed to achieving an adult unemployment rate of 3% within four years. If those charged with the development and implementation of fiscal and monetary policy--the President, the House and Senate Budget Committees, and the Federal Reserve Board--did not think the full employment goal feasible or wise, they would have to say so, explain why, and develop ameliorative measures. Recognizing that wishing full employment will not suffice, the Act provides for micro-employment programs and for policies that would hopefully allow the application of greater monetary and fiscal stimulus with less inflation. All else failing to achieve the 3% unemployment rate target, S-50 provides for public job creation, presumably on a large scale if need be. S-50 does not deal with the issue of why we face the high unemployment dilemma to begin with, nor does it provide a convincing mechanism for dealing with the inflation that could result from its own provisions. In forcing us to debate the issues, particularly the inflation-unemployment trade-off within our conventional economic policy, S-50 provides opportunity for explicit analysis of both the benefits and costs of full employment. Out of such debate, needed changes in the bill can be attended to. (WL)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC