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This paper for the Jobs and Skills Summit outlines a policy agenda to achieve, sustain, and make the most of full employment in Australia.
This has a different meaning today to the early 1970s. Now it is as much about adequate, regular hours of employment and steady growth in real incomes as keeping unemployment low.
At its heart, it means that people seeking employment or more paid hours can find them, and the pay and the quality of those jobs improves so that the fruits of economic growth are more fairly shared and no one is left behind.
Once Australia commits to full employment, a range of policy implications follow. Some policies are needed to achieve and sustain full employment, others are needed to realise the benefits of full employment.