Publisher's Synopsis
While our leaders celebrate Australia's 'economic miracle', unemployment, particularly long-term unemployment, has become a permanent feature of Australia's economic landscape. Its unacceptably high level has proved remarkably resistant in the face of sustained economic growth and increased prosperity. The adverse economic and social consequences of high unemployment are likely to leave long-term scars on those affected, as well as on local communities and the entire fabric of Australian society. Yet these effects rarely feature on the policy agenda, and the costs of unemployment remain largely invisible. The Price of Prosperity: The Economic and Social Costs of Unemployment identifies for the first time the nature and impact of these costs at three distinct levels: those imposed directly on unemployed people and their families; those that affect the nature of community life; and those that give rise to economy-wide effects on Australian society.
