“Full employment does not mean literally no unemployment; that is to say, it does not mean that every man and woman in the country who is fit and free for work is employed productively every day of his or her working life ... Full employment means that unemployment is reduced to short intervals of standing by, with the certainty that very soon one will be wanted in one's old job again or will be wanted in a new job that is within one's powers.” MenMeanDoeCountryWantedJobsFitMen And WomenStandingEvery ManEmploymentCertaintyUnemploymentEmployedIntervalsNew JobWorking LifeOld Job Author:William Beveridge
“There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.” SettingSettingsEmploymentCertaintyRisingMechanismInherentWagesViciousSpiralsBargainingRising Prices Author:William Beveridge
