THE KEYNESIAN POLICIES AND FULL EMPLOYMENT GUARANTEE: A THEORETICAL ESSAY
DOI:
https://doi.org/10.5902/1414650912939Keywords:
Economy, Full Employment, Keynesian PoliciesAbstract
Once the economy operates at a level of employment below full employment, then comes an internal market structure that responds and eliminates the gap. However, if this offer is higher than the need for labor, the net market return will be above its equilibrium point, in other words, overloading the economic mechanisms that eliminate some excess in the labor market. So, in a scenario of unemployment, the large number of workers available in the market in relation to the number of vacancies promotes a decrease in real wages in the market, once the competition and oversupply of manpower they promote this panorama. The reduction in the real market wage is an event that occurs permanently until it runs out excess labor available. Right now, the job market becomes balanced to achieve full employment in an economy. This article therefore aims to present a theoretical discussion based on contributions Policy Administration Keynesian Policies for ensuring full employment. In this research it was concluded that government intervention is needed to achieve and maintain full employment, as well as demonstrating the potential of economic policies in this context. Thus, it is understood that the study contributes to the theoretical reference on this issue.
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