Full Employment
Full employment is particularly important for low- and moderate-income families because it not only means more jobs but also leads employers to offer higher wages to attract and retain the workers they need. Yet full employment has been more the exception than the norm in recent decades. Policy Futures aims to establish full employment as a primary policy goal and to design and promote policies to reach it.
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The Impact of the COVID19 Recession on the Jobs and Incomes of Persons of Color
Though the April 2020 jobs report showed huge losses for all workers, regardless of race or ethnicity, history is clear that different groups experience downturns with significantly differing...
Got Work? The Highly Responsive Labor Supply of Low-Income, Prime-Age Workers
Do low-wage workers respond to high-pressure labor markets by increasing their labor supply? What evidence is there that tight job markets pull in such workers? We find highly cyclical responses to...
A Case for Full Employment: Underemployment, the Falling NAIRU and the Costs of Excess Slack
But if these well-known models accurately describe the relationship between inflation rates and labor market slack, why are the United States and other advanced economies experiencing such slow to...
The Increasing Benefits and Diminished Costs of Running a High-Pressure Labor Market
At the core of our argument is the idea that changing inflation dynamics, in tandem with higher wage, income, and wealth inequality, should create an asymmetry in the Fed’s reaction function, as...
Helping Manufacturing-Intensive Communities: What Works?
Success for manufacturing-intensive communities is possible. We know what policies make sense to increase such communities’ job growth. Such policies can boost local...
The Federal Job Guarantee - A Policy to Achieve Permanent Full Employment
The permanent establishment of a National Investment Employment Corps would eliminate involuntary...
Olivier Blanchard provides a brief reaction to "Real-Time Estimates of Potential GDP," by Coibion, Gorodnichenko, and Ulate
This report was commissioned by the Center on Budget and Policy Priorities’ Full Employment Project. Views expressed within the report do not necessarily reflect the views of the...
Real-Time Estimates of Potential GDP: Should the Fed Really Be Hitting the Brakes?
This report was commissioned by the Center on Budget and Policy Priorities’ Full Employment Project. Views expressed within the report do not necessarily reflect the views of the...
Full Employment for the Young, Too
Evidence-based public investment in employment opportunities for youth and young adults could provide a powerful tool for boosting...
Monetary Rules and Targets: Finding the Best Path to Full Employment
This report was commissioned by the Center on Budget and Policy Priorities’ Full Employment Project. Views expressed within the report do not necessarily reflect the views of the...