The Price of Prosperity

The Economic and Social Costs of Unemployment

• Author(s): Richard Taylor, Peter Saunders,
• Publisher: UNSW Press
• Pages: 278
• ISBN_10: 0868405418
  ISBN_13: 9780868405414
  
• Language: en
• Categories: Business & Economics / General , Business & Economics / Labor / General , Business & Economics / Economics / General , Political Science / Public Policy / Social Services & Welfare , Political Science / Political Economy , Social Science / General , Social Science / Poverty & Homelessness ,

Description:... While our leaders celebrate Australia’s ‘economic miracle’, unemployment, particularly long-term unemployment, has become a permanent feature of Australia’s economic landscape. Its unacceptably high level has proved remarkably resistant in the face of sustained economic growth and increased prosperity. The adverse economic and social consequences of high unemployment are likely to leave long-term scars on those affected, as well as on local communities and the entire fabric of Australian society. Yet these effects rarely feature on the policy agenda, and the costs of unemployment remain largely invisible.