Mehreen Faruqi 17 Jun 2020
That the Senate—
(a) notes that:
(i) between World War 2 and the 1970s, the average unemployment rate was 2%, and
(ii) since the 1980s, 5% unemployment has been considered 'full employment' by most governments, even though it means hundreds of thousands more people either have no work or not enough work; and
(b) considers that:
(i) 'full employment' should mean what most people think it means, namely that everyone who wants a job can get one, and
(ii) Australia should have a full employment target of 2% unemployment and 2% underemployment.