Abstract
As conceived in the present study, overmanning denotes a situation in which employed persons are objectively underutilized on the job, so that employers have on their payrolls excess workers, i.e. workers whose contribution to output is less than the wages they receive, Consequently, the same output could be produced with a labour force smaller than that actually employed, and the dismissal of excess workers would not result in a loss of output.
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Notes and References
Cf. Talcott Parsons, The Social System, The Free Press of Glencoe, 1964 (fifth printing), pp. 8 and 48–49.
John Hicks, A Theory of Economic History, Oxford University Press, 1982 (reprinted), p. 134.
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Charles Handy, The Future of Work, Oxford, Basil Blackwell, 1984, Chapter 4, and Charles Handy, The Age of Unreason, London, Business Books Limited, 1989, Chapter 4.
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J.L. Porket, ‘Full Employment in Soviet Theory and Practice’, British Journal of Industrial Relations, vol. XXVII, no. 2 (July 1989), pp. 264–279.
On shifts in Hungary in the interpretation of the concept of full employment see Tamas D. Horvath and György Sziraczki (eds.), Flexibility and rigidity in the labour market in Hungary, Geneva, ILO, 1989.
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Ian Bradley, The Strange Rebirth of Liberal Britain, London, Chatto and Windus — The Hogarth Press, 1985, pp. 176 and 201.
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© 1995 J. L. Porket
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Porket, J.L. (1995). Participation in Economic Activity. In: Unemployment in Capitalist, Communist and Post-Communist Economies. St Antony’s/Macmillan Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230374225_16
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DOI: https://doi.org/10.1057/9780230374225_16
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