Examines and evaluates the use of "active labor market policy" to attempt to make the "uneasy triangle" of full employment, price stability, and collective bargaining more tolerable while at the same time promoting the cause of greater economic equality and growth. (Author/JM)

Evaluates two programs in the Johnsonian "war against poverty": one "macroeconomic," attempting to create an environment of greater job opportunities and higher employment; the other "microeconomic," investing in low-income workers to raise their relative earning power. (Author/JM)