“I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.” PersonsJobsSituationCallingPercentRateSeekingGenuineOpeningEmploymentUnemployment Book:Public Economics: Selected Papers by William Vickrey Source: Public Economics: Selected Papers by William Vickrey
“Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours.” PersonsJobsHoursSituationAcceptingWillingOughtResponsibleAvailableEmploymentDesirableLiving Wage48 HoursResponsible Person Author:William Vickrey
“There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.” YearsTwoRealStatesReasonMovingThreeNextResourcesAvailableGenuineEmploymentNo ReasonThree YearsInherent Book:Public Economics: Selected Papers by William Vickrey Source: Public Economics: Selected Papers by William Vickrey
