Ironically, technology has also. contributed to many of the problems or situations. that innovation must now attempt to remedy, such. as environmental degradation (including threats. to public safety), depletion of energy and natural. resources, and the greater destructive potential of. warfare.
Full employment is an economics term that refers to the lowest unemployment rate that doesn't cause unstable inflation.There is no magic number for full employment, though; according to The New York Times, most economists estimate that full employment occurs with an unemployment rate between 5 and 6 percent.Other People Are Reading.here is no magic number for full employment, though; according to The New York Times, most economists estimate that full employment occurs with an unemployment rate between 5 and 6 percent. Other People Are Reading.
What is 'Full Employment'. Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time. Any remaining unemployment is considered to be frictional, structural or voluntary.