Part 3: What regulates unemployment? – What Do the Unemployed Actually Do? – How Unemployment Regulates Wages – Booms and Busts – Wages and Class Struggle – Union Solidarity – Arbitration and Wage Indexation – Capital Accumulation – Technological Change – Job Creation and Destruction Somehow, the size of the pool of unemployed itself must … Continue reading Unemployment and Revolution (Part 3): What regulates unemployment? (written by Albert Langer in 1981)