“When there is high unemployment, job security is low. This can affect worker productivity. When people are out of work, their skills have been shown to deteriorate. Unemployment also results in a less healthy labor force, and studies have shown that worse health means lower productivity. There is a strong relationship between income and nutrition, and nutrition and productivity. Unemployment also lowers worker morale. It is a short step from these facts to the acknowledgement that unemployment can decrease productivity.” — Mathew Forstater
Additional Resources:
Mathew Forstater. “Working for a Better World,” Philosophy and Social Criticism, 41 (January 2015): 61-67.
Mathew Forstater. “Unemployment and Underemployment,” in P. Mason, ed., Encyclopedia of Race and Racism, 2nd ed., vol. 4, pp. 213-220, Detroit, MI: Macmillan Reference, 2013.
Forstater, Mathew, and L. Randall Wray. “Full Employment and Social Justice,” in D. P. Champlin and J. T. Knoedler, eds., The Institutionalist Tradition in Labor Economics, Armonk, N.Y.: M. E. Sharpe, 2004.
Forstater, Mathew. “Notes on the Social and Economic Benefits of Job Creation in Kansas City’s 3rd District,” Special Report 2004/1, Center for Full Employment and Price Stability, University of Missouri – Kansas City (February 2004).
Forstater, Mathew “Unemployment,” Working Paper No. 20, Center for Full Employment and Price Stability, University of Missouri – Kansas City (February 2002).
Forstater, Mathew “Unemployment,” in The Elgar Companion to Post Keynesian Economics, John King (ed.), Edward Elgar, 2002.
Forstater, Mathew “Full Employment Policies Must Consider Effective Demand and Structural and Technological Change,” in A Post Keynesian Perspective on Twenty-First Century Economic Problems,Paul Davidson (ed.), Edward Elgar, 2002.
Forstater, Mathew “Unemployment in Capitalist Economies – A History of Thought for Thinking About Policy, ” Working Paper No. 16, Center for Full Employment and Price Stability, University of Missouri – Kansas City (August 2001).
Forstater, Mathew “Life-Sustaining, Life-Enhancing Employment – Public Service as the Center-Piece of a Humanistic Post Keynesian Economic Policy Program, ” Working Paper 15, Center for Full Employment and Price Stability, University of Missouri – Kansas City (August 2001).
Forstater, Mathew. “Full Employment and Economic Flexibility” in Carlson, Ellen and William F. Mitchell (eds.:) The Path to Full Employment and Equity Economic and Labour Relations Review, 2000.
Forstater, Mathew. “Public Service Employment Assurance: Job Security and Community Development,” Policy Note 2000/02, Center for Full Employment and Price Stability, University of Missouri – Kansas City (September 2000).
Forstater, Mathew. “Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability,” Journal of Post Keynesian Economics, 22 (Spring 2000): 437-450.
