Modern Money
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Modern Money

Learning the Modern Money system, macroeconomics, aka MMT


You are not connected. Please login or register

Full Employment in Australia (1945 White Paper) by H.C. Coombs

Go down  Message [Page 1 of 1]

Senexx


Admin

FULL EMPLOYMENT IN AUSTRALIA (The 1945 White Paper) by H.C. Coombs

PART I. INTRODUCTION

  1. Full employment is a fundamental aim of the Commonwealth Government. The Government believes that the people of Australia will demand and are entitled to expect full employment, and that for this purpose it will be able to count on the cooperation of servicemen's associations, trade unions, employers' associations and other groups. Because the Referendum was not carried, the cooperation of State Governments and local authorities will be particularly necessary.

  2. Despite the need for more houses, food, equipment and every other type of product, before the war not all those available for work were able to find employment or to feel a sense of security in their future. On the average during the twenty years between 1919 and 1939 more than one-tenth of the men and women desiring work were unemployed. In the worst period of the depression well over 25 per cent were left in unproductive idleness. By contrast, during the war no financial or other obstacles have been allowed to prevent the need for extra production being satisfied to the limit of our resources. It is true that war-time full employment has been accompanied by efforts and sacrifices and a curtailment of individual liberties which only the supreme emergency of war could justify; but it has shown up the wastes of unemployment in pre-war years, and it has taught us valuable lessons which we can apply to the problems of peace-time, when full employment must be achieved in ways consistent with a free society.

  3. In peace-time the responsibility of Commonwealth and State Governments is to provide the general framework of a full employment economy, within which the operations of individuals and businesses can be carried on.

  4. Improved nutrition, rural amenities and social services, more houses, factories and other capital equipment and higher standards of living generally are objectives on which we can all agree. Governments can promote the achievement of these objectives to the limit set by available resources.

  5. The policy outlined in this paper is that governments should accept the responsibility for stimulating spending on goods and services to the extent necessary to sustain full employment. To prevent the waste of resources which results from employment is the first and greatest step to higher living standards. But if our living standards are to increase to the greatest extent possible, we must produce as efficiently as possible goods that are wanted.

  6. There will be no place in this full employment policy for schemes designed to make work for work's sake. Moreover, full advantage must be taken of modem methods of production and training in all branches of industry, and the economic system must be flexible enough to meet changing needs. In these conditions, full employment has advantages to offer to every section of the community. To the worker, it means steady employment, the opportunity to change his employment if he wishes, and a secure prospect unmarred by the fear of idleness and the dole. To the business or professional man, the manufacturer, the shopkeeper, it means an expanding scope for his enterprise, free from the fear of periodic slumps in spending. To the primary producer, it means an expanding home market and - taking a world-wide view - better and more stable export markets. To the people as a whole, it means a better opportunity to obtain all the goods and services which their labour, working with necessary knowledge and equipment, is capable of producing.


http://www.billmitchell.org/White_Paper_1945/index.html

https://modernmoney.forumotion.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum