The high level of unemployment in Britain in the 1980s led many people to believe that it would continue indefinitely, and many arguments were advanced to explain it. After a preliminary examination of the statistics of employment and unemployment in Britain, this 1991 book exposes the major factors determining their trends as a basis for considering the likely developments and policy options. The study covers most of the explanations found in academic debate as well as in popular belief, drawing on a wide range of empirical research, including systematic international comparisons as well as case studies of particular interest. The analysis is carried out under four main headings: structural change; the wage question; macroeconomic policy; and the international dimension. The book concludes with a consideration of the practicability of the different policies which emerge.
List of tables; List of charts; Preface; 1. Introduction; 2. Concepts and measurements; Part I. Structural Change: 3. Technology and employment; 4. The impact of information technology; 5. Structural unemployment; 6. The regional problem; 7. Who will provide the jobs?; Part II. The Wage Question: 8. Wages and employment; 9. Wage subsidies; 10. Profit sharing; 11. Incomes policy; Part III. Macroeconomic Policy: 12. The theoretical background; 13. Evidence relating to the economy; 14. Evidence relating to policy; 15. Reflections on macroeconomic policy; Part IV. International Dimension: 16. Theory and institutions; 17. The external constraint; 18. The European dimension; 19. Conclusion; Appendix; Notes; Index.