Conditions Of Full Employment Research Articles

K. Gruber, Conditions of Full Employment, translated into English by J. Meyer, London, Edinburgh, Glasgow, W. Hodge & Co. Ltd, 1952, vi p. 141 p., 12/6.

K. Gruber, Conditions of Full Employment, translated into English by J. Meyer, London, Edinburgh, Glasgow, W. Hodge & Co. Ltd, 1952, vi p. 141 p., 12/6.

International Labor Organization

The primary emphasis of the report of the Director-General of the International Labor Organization to the thirty-fourth session of the Conference was the issue of wage policy in conditions of full employment. The Conference debate on this question, stimulated by the report Mr. Morse hoped, would help ILO member countries to arrive at wage-price policies “designed to promote the best interests both of workers and of the community as a whole, in conditions of full employment and scarcity of labor.” The problem of wage determination had been receiving renewed public attention, mainly owing to the desire to include restraint of wage increases in a program designed to minimize the possible inflationary effects of full employment, economic development and rearmament. There existed also a belief that adjustments in the wage structures of most countries were needed to provide increased incentives for workers to acquire skill, to work harder and to man the essential industries where labor was particularly scarce.

The Role of Support Prices in a Full-Employment Economy

In both Canada and the United States the agricultural programmes that attempt to support or raise the level of farm prices were conceived during the inter-war period of readjustment and depression. Now that we have had ten years of full employment and high-level incomes in our respective economies, it is perhaps time to reassess the role of support prices.The reassessment that I propose to make is based on the assumption that we will be able to maintain full-employment economies most of the time and that if a depression should come, it will be relatively mild and of reasonably short duration. Fear of war, war, and preparation for war are likely to lead to a full-employment economy for some time. It may not be too much wishful thinking to believe that if the happy era should come when war no longer serves as an impetus for aggregate demand, our economies will be guided by competent monetary and fiscal leadership and will be able to maintain a fairly even keel. The mild recession which the United States experienced in 1949 and which had almost ended before the fateful attack in Korea offers some support for, though obviously not confirmation of, this view. In any case, we should clearly separate in our thinking and in our actions the problems of agricultural price policy as they relate to conditions of full employment and to conditions of depression.

Tariff Policy Under Conditions of Full Employment

Tariff Policy Under Conditions of Full Employment