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The Road Back to Full Employment

Published online by Cambridge University Press:  01 January 2023

Fred Argy
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Abstract

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Over the last two years the Committee for Economic Development of Australia (CEDA) carried out a major project: a vision for the Australian economy and practical policies to attain that vision by the year 2000. One of the key goals was to halve the official unemployment rate. The results are outlined in this article. Emphasis is placed on a policy and incentive structure that is skewed in favour of exports, productive investment and savings, a more structurally efficient and flexible labour market, responsible aggregate wage outcomes and acceptance that growth is only sustainable if the short—term costs of structural reform are borne equitably.

Type
Research Article
Information
The Economic and Labour Relations Review , Volume 4 , Issue 2 , December 1993 , pp. 176 - 197
Copyright
Copyright © The Author(s) 1993

Footnotes

*

Before retiring Fred Argy was Director of EPAC. Since retiring he has been Director of the CEDA project “An Australia that Works: A Vision for Australia”.

References

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