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That's the failing of the 'free market'. There is no alternative. And you fix that by making an alternative. As Beveridge put it (in 1944): "The labour market
by neilwilson 8y ago
That's the failing of the 'free market'. There is no alternative.
And you fix that by making an alternative.
As Beveridge put it (in 1944): "The labour market should always be a seller's market rather than a buyer's market. For this, on the view of society underlying this Report - that society exists for the individual - there is a decisive reason of principle. The reason is that difficulty in selling labour has consequences of a different order of harmfulness from those associated with the difficulty in buying labour. A person who has difficulty in buying labour suffers inconvenience or reduction in profits. A person who cannot sell his labour is in effect told that he is of no use. The first difficulty causes annoyance or loss. The other is a personal catastrophe."