Unemployment and Unemployability
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Abstract
THE INTER-RELATIONSHIP between the amount of unemployment and standards of unemployability has long been recognized but inadequately discussed in texts and non-technical books. Changing standards of employability arising from the amount of unemployment, have direct effect on the problem of dependence of marginal groups of workers, such as the aged, the blind, and workers with other handicaps. As will be shown, this relationship is not a newly recognized one. Beveridge pointed out the relationship nearly forty years ago in his "Unemployment A Problem of Industry" which is quoted from briefly in subsequent paragraphs. A number of others have commented similarly. But an examination of several of the more commonly used texts in general economics does not reveal a single one that develops this relationship, however briefly, in even an elementary manner.' An examination of the standard texts in labor economics shows a somewhat better situation. Here an inter-relationship is frequently recognized but in no instance is it given adequate treatment.2 Perhaps this inadequate treatment arises from varying personal evaluations of what is important but this is