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Erschienen in:
1963 | OriginalPaper | Buchkapitel
Unemployment
verfasst von : J. R. Hicks, M.A., B.Litt.
Erschienen in: The Theory of Wages
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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On the threshold of a more extended study of the competitive labour market must stand the problem of unemployment. What is the effect of unemployment on wages? How is it possible to reconcile the fact of unemployment with the simultaneous existence of rising wages? These are not the only new questions raised by the fact that the labour market of actuality is not in a state of equilibrium; but they are the most obvious questions, and we may conveniently begin by examining them.