The "reserve army of labor" and the "natural rate of unemployment": can Marx, Kalecki, Friedman, and Wall Street all be wrong?

Article Abstract:

Robert Pollin of the Economics and Political Economy Research Institute of the University of Massachusetts at Amherst believes that understanding the natural rate of unemployment and the non-accelerating inflation rate of unemployment (NAIRU) is the key to sustaining full employment in capitalist countries. Pollin cited the significant flaws of the natural rate of unemployment and NAIRU but was quick to point out their political significance. He also acknowledged the contributions of Karl Marx, Milton Friedman and Michal Kalecki to the debate.

Inflation (Finance), Unemployment, Transcript, Inflation (Economics)

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Analyzing the transformation of the family

Article Abstract:

A 1994 study that sought to explain the relationship between the entry of women into the labor force and the decline of real wages and the increase in the number of overworked employees was criticized for being based on neoclassical, rather than Marxian, economics and for being too formal. Critics also charged that the study did not fully explain the factors behind changes in families' economic structure. Closer examination, however, reveals that these criticisms are baseless.

Work and family

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Forces of change in Florida's labor markets

Article Abstract:

Florida's labor market underwent a rapid restructuring between 1980 and 1990. While real and mean wages dropped nationally, Florida witnessed significant wage increases. Industry employment shifts significantly resulted to wider wage gaps in Florida during the 1980s. Florida's economy relied heavily on the service sector during this period and the wage gaps between more and less educated and between more and less experienced workers became more evident.

Florida, Employment, Wages, Wages and salaries

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