Unemployment

No single economic statistic attracts more notice or implies more about the well being of the social system than does the unemployment rate. The moral and economic waste brought on by recurring waves of unemployment has always been one of the principal reproaches directed at the capitalist system by its critics. In their pursuit of profits and their attempts to avoid losses, private sector companies discharge workers permanently or temporarily for various reasons. Previously, to …

…of mass enterprise. Education should be promoted publicly and privately throughout society. New webs of security should be generated using taxes and insurance, training and welfare benefits. Effective job creation would dramatically improve the quality of life for millions of people without jobs. It would also help the overworked and the millions trapped in unskilled and unfulfilling jobs. But most important, it would help our society regain a lost sense of vitality and common purpose.