Full employment is a socially hazardous goal. In effect…
“Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Full employment is portrayed as an outdated goal that ignores modern productivity gains, suggesting it may hinder progress.
In simple terms: Full employment is an old, risky aim.
Key Takeaway
Focus on productivity and innovation over job numbers.
Themes
economics
employment
technology
policy
progress
Mood
critical
analytical
skeptical
Type
policy
theoretical
When to use this quote
- government planning
- business strategy
- career planning
Key Concepts
capital theory
industrial revolution
labor economics
Questions to Reflect On
- Is full employment realistic today?
- What alternatives support prosperity?
A Different Perspective
Overemphasis on employment can limit technological advancement.