“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.”
Quote by William Beveridge
Author
William Beveridge
William Beveridge, a British economist, was born on March 5, 1879, and died on March 16, 1963. He had a profound impact on the field of economics, particularly in the areas of social welfare and economic policy. more
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