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Workers, jobs, and inflation
Recent Books policy will all contribute during 1982-83.
to low rates of wage and price inflation
Workers, Jobs, and Inflation. Martin Neil Baily, ed. Washington, D.C.: The Brookings Institution, 1982. 366 pp. $31.95 ISBN O8157-0763-o ($12.95 ISBN o-8157-0764-9 paperbound). These papers from a Brookings conference that was financed in part by the U.S. Department of Labor deal primarily with the measurement of labor market performance, but also treat such issues as minimum wage laws, restrictive practices, and unemployment insurance. Since the conference was held on 7-8 November 1980, unemployment has increased and the inflation rate has decreased, both substantially. The labor market signals are thus no longer in conflict. However, the lessons of the conference remain relevant. Reducing unemployment in the future without reducing underlying wage pressures will once again put a premium on understanding labor market signals.
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to low rates of wage and price inflation
Workers, Jobs, and Inflation. Martin Neil Baily, ed. Washington, D.C.: The Brookings Institution, 1982. 366 pp. $31.95 ISBN O8157-0763-o ($12.95 ISBN o-8157-0764-9 paperbound). These papers from a Brookings conference that was financed in part by the U.S. Department of Labor deal primarily with the measurement of labor market performance, but also treat such issues as minimum wage laws, restrictive practices, and unemployment insurance. Since the conference was held on 7-8 November 1980, unemployment has increased and the inflation rate has decreased, both substantially. The labor market signals are thus no longer in conflict. However, the lessons of the conference remain relevant. Reducing unemployment in the future without reducing underlying wage pressures will once again put a premium on understanding labor market signals.
379