作为生态就业失业.pdfVIP

The Goal of Full Employment. ⚫The ernments of almost all countries try to achieve the goal of full employment for their citizens. ⚫ If the goal of full employment is achieved, it means that when people are looking for a job, they are able to easily find one, and there will be little, if any unemployment. ⚫ For many reasons it is impossible to achieve this situation. In many job or labour markets there will be a surplus of labour. ⚫ Job seekers will not be immedia y employed by employers offering jobs, even if they were willing to work for a lower wage. Meaning of Full Employment contd. Full employment in labour markets is theoretically possible, but in practice, rarely achieved. Wage rate per Labour supply hour ($) (Job Seekers) We – equilibrium wage rate Labour demand (Job vacancies) Qe–qty of Qty of labour employed/time employment Labour Markets are not perfect. In practice, wages rarely fall in markets where there is a surplus of labour. Wages may eventually fall, but it usually takes a very long time for this to occur, so the surplus of labour (unemployment) will exist for a long time. D Wage rate per Labour supply hour ($) (Job Seekers) Actual wage rate Surplus of labour - We – equilibrium unemployment wage rate Labour demand