Wednesday, April 6, 2011

Joseph Stiglitz for Full Employment as an Entitlement

Nobel Laureate Joseph Stiglitz is for a full employment as an "entitlement" and a government responsibility for the workers , :" ...we need social protection ,... workers eventually can't control the economic environment , you know in the old economy , agricultural economy you could work your field you're still buffeted by vagaries and the weather international prices but you can always get a job because you could always work your own field , but in a modern economy if firms are firing you have no choice there are very limited opportunities that the individual has , so it is the responsibility of the state the government to maintain the economy and ful employment and we recognize that ion the Full employment act of 1946 unfortunately we are not living up to the commitment we made in 1946 to maintain the economy and the full employment , we have one out of six workers that are unemployed and increasingly large number are unemployed right now for over six months ..."

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