"The fully employed high income society": a comment

Abstract

An April 1990 Planning Council report The fully employed high income society, by Dennis Rose has received nationwide publicity due to its suggestion that full employment is possible by 1995. The suggestion that full employment is possible within 5 years is based on several model experiments. In this paper I examine the calculations on which these assertions are based, and conclude that they are not supported; indeed the modelling indicates the very opposite of what is claimed - full employment by 1995 is next to impossible following current policies.