Robert M Solow
Author
Description
Solow condemns the welfare reforms recently passed by Congress and President Clinton for confronting welfare recipients with an unworkable choice - finding work in the current labor market or losing benefits. He argues that the only practical and fair way to move recipients to work is, in contrast, through an ambitious plan to guarantee that every able-bodied citizen has access to a job. Solow contends that the demand implicit in the 1996 Welfare...
Description
Contains 12 contributions examining the economics of low unemployment rates whilst inflation did not increase during the 1990s. Presents macroeconomic perspectives, studies of effects of international trade on labour markets, projections of labour supplies to the year 2020, and an outlook on whether rising productivity and falling unemployment can be sustained or replicated.