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This article has several purposes. One is to give some rather elementary facts about both the concept and scope of unemployment for those readers that are not specialists in the field. Another purpose is to discuss some related concepts that could be of use in understanding the development and trends of the labour market. Finally, I will discuss the meaning of the “right to work”, and some possible scenarios for the future. My main focus will be the industrialised nations, while the problems of the so‐called developing countries will be touched upon only very briefly.

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