ABSTRACT
A demographic perspective would point to the increasing proportion of young people, meaning that entrants to the labour market outnumber those retiring. In the short term, new technology may directly replace some jobs whereas in the long term the increased wealth created by the same new technology may increase jobs in other sectors. A more optimistic perspective is based on the view that the government can manage the economy in such a way as to substantially reduce unemployment. The solutions which are suggested to the problem of unemployment are very like the kinds of solutions which are posed to the problems of physically disabling conditions to which there is apparently no immediate cure. Most people would agree that both education and training are required to equip youngsters and adults to undertake necessary work to provide goods and services for ourselves and to trade with others.
