The Full Employment and Balanced Growth Act of l976, S-50, the Humphrey-Hawkins bill, is an attempt to focus the nation's attention and energy on the problem of attaining full employment. As a matter of law the nation would be committed to achieving an adult unemployment rate of 3% within four years. If those charged with the development and…

The initial discussion focuses on the dilemma posed by the fact that inflation and unemployment cannot simultaneously be eliminated with the macro-economic policies alone. To opt for controlling inflation means a delay in dealing with an already serious poverty problem. Suggestions for dealing with the inflation-unemployment dilemma are classified…