There may be compulsive changes in the location of industries with consequent movement of labour from one place to another. In this state of affairs it is possible that there may be more or fewer vacancies than there are unemployed persons able and willing to fill them. And this is precisely what would happen if there is a permanent state of fewer jobs than there are people able and willing to fill them. From this simple illustration, it is clear that full employment is not only an economic, but also a social, psychological, and political ideal. Keynes himself, who is the messiah of full employment in a capitalist economy, has laid down the rule for full employment.

Source: Nigerian Tribune October 02, 2022 10:35 UTC