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Unemployment and Poverty Unemployment and Poverty
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Did Social Handicaps Cause Poverty, Reflect It, or Merely Excuse It? Did Social Handicaps Cause Poverty, Reflect It, or Merely Excuse It?
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Can Economic Growth Eliminate Unemployment and Poverty? Can Economic Growth Eliminate Unemployment and Poverty?
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Real Unemployment Was Higher Than They Thought Real Unemployment Was Higher Than They Thought
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Lessons from the 60s Lessons from the 60s
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Prejudice and Class Prejudice and Class
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Five Statistics and Theory of Unemployment and Poverty: Lessons from the 60s and the Postwar Era
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Published:September 2007
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Abstract
This chapter examines whether unemployment in the United States during the 1960s and early 1970s was much higher than generally assumed, whether unemployment was a major cause of poverty, and whether capitalism alone can cure poverty. It also assesses the impact of the labor market on income shares and on the bargaining power of employees. In addition, the chapter considers whether social handicaps led to poverty and whether economic growth can eliminate unemployment and poverty. It argues that unemployment rates were high even in the boom times of the 1960s. Finally, the chapter analyzes the effects of racism, sexism, and other forms of prejudice on the incomes and employment opportunities of women and minorities.
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