Unemployment
Unemployment
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In our eReader you can find the full English version of the book. Read Unemployment Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Unemployment
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The wage-rate below which it is held a discreditable thing to employ any servant will be larger, for example, in the United States or Great Britain c 6Q UNEMPLOYMENT than in Russia or India. This circumstance has an important consequence arising out of the fact that, the richer a country is, the larger the demand in it for labour of every gi-ade is likely to be. If, in any community, wealth — and, therefore the demand for labour — were to increase, while the accepted humanitarian minimum of wag...es remained the same, unemployment would necessarily diminish ; and, if the humanitarian minimum rose while the community's wealth remained the same, unemployment would necessarily increase. Since, however, in actual fact, neither the amount of a country's wealth nor the humanitarian minimum deemed acceptable in it is likely to change in any lasting way unless the other changes also, these results are more of hypothetical, and less of practical, interest than they appear to be at first sight.
What to read after Unemployment?
You can find similar books in the "Read Also" column, or choose other free books by Pigou, A. C. (Arthur Cecil), 1877-1959 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The wage-rate below which it is held a discreditable thing to employ any servant will be larger, for example, in the United States or Great Britain c 6Q UNEMPLOYMENT than in Russia or India. This circumstance has an important consequence arising out of the fact that, the richer a country is, the larger the demand in it for labour of every gi-ade is likely to be. If, in any community, wealth — and, therefore the demand for labour — were to increase, while the accepted humanitarian minimum of wag...es remained the same, unemployment would necessarily diminish ; and, if the humanitarian minimum rose while the community's wealth remained the same, unemployment would necessarily increase. Since, however, in actual fact, neither the amount of a country's wealth nor the humanitarian minimum deemed acceptable in it is likely to change in any lasting way unless the other changes also, these results are more of hypothetical, and less of practical, interest than they appear to be at first sight.
What to read after Unemployment?
You can find similar books in the "Read Also" column, or choose other free books by Pigou, A. C. (Arthur Cecil), 1877-1959 to read onlineMoreLess
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