Some Alternative Views of The Unemployment Problem in The United States

  • George H. Hildebrand


The stubborn persistence of high rates of unemployment in the United States has provoked an equally pertinacious controversy over its cause. Regarding the main facts of unemployment itself, there is no dispute. The real issue is one of casual interpretation and remedial actions. I shall argue that unemployment is inevitably structural in character but largely not so in cause; that to the extent that it is structural in cause the main trouble lies in wages and prices, and not in a novel revolutionary process of change that is now supposedly wrecking the operation of the market as a mechanism for allocating labour in a free economy.


Labour Market Labour Force Unemployment Rate Relative Wage Hourly Earning 
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Copyright information

© International Institute for Labour Studies 1966

Authors and Affiliations

  • George H. Hildebrand

There are no affiliations available

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