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American UnemploymentPast, Present, and Future$
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Frank Stricker

Print publication date: 2020

Print ISBN-13: 9780252043154

Published to Illinois Scholarship Online: January 2021

DOI: 10.5622/illinois/9780252043154.001.0001

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PRINTED FROM ILLINOIS SCHOLARSHIP ONLINE (www.illinois.universitypressscholarship.com). (c) Copyright Illinois University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in ISO for personal use.date: 27 September 2021

Why So Much Unemployment?

Why So Much Unemployment?

Chapter:
(p.151) Chapter 7 Why So Much Unemployment?
Source:
American Unemployment
Author(s):

Frank Stricker

Publisher:
University of Illinois Press
DOI:10.5622/illinois/9780252043154.003.0008

The chapter sifts through common explanations for excessive unemployment: the unemployed are too lazy and too picky; untrained and unskilled, they are undesirable hires; employers discriminate against African Americans and other minorities; immigrants take all the jobs; as part of globalization, employers have sent many jobs abroad; robots take too many jobs; high wages mean that some employers cannot afford to hire; high taxes limit the money employers have for hiring. Some of these factors contribute to more unemployment in the whole economy and for special groups. But the chapter concludes that the decisive reasons why the United States rarely has full employment are found in the way unregulated capitalism thrives on a labor surplus, and in business leaders, conservative and neoliberal politicians, and economists who resist government job creation programs.

Keywords:   unregulated capitalism, excessive unemployment, neoliberal, labor surplus, globalization, immigrants, robots, high wages, discriminate, full employment

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